GENERAL KNOWLEDGE

Detailed explanation-1: -Easily Transferable: A negotiable instrument is easily and freely transferable. Must be in Writing: All negotiable instruments must be in writing. Time of Payment must be Certain: If the order is to pay when convenient then such an order is not a negotiable instrument. More items

Detailed explanation-2: -Personal checks. Personal checks are signed and authorized by someone who deposited money with the bank and specify the amount required to be paid, as well as the name of the bearer of the check (the recipient). Traveler’s checks. Money order. Promissory notes. Certificate of Deposit (CD)