What do you mean by negotiation of negotiable instrument?
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An instrument may be transferred: •By Negotiation, •By Assignment. 3. NEGOTIATION According to section 14 of The Negotiable Instruments Act 1881, “When a promissory note, bill of exchange or cheque is transferred to any person so as to constitute that person the holder thereof, the instrument is said to be negotiated.”
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Non-Negotiable Financial Products. Securities and products that are considered non-negotiable cannot be transferred from one party to the next and thus are typically illiquid. An example of a non-negotiable instrument, also referred to as a non-marketable instrument, would be a government savings bond.
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