Transferrable B/L from consignee to another party by signing, called endorsing, and delivering it to that other party, who becomes the new consignee. The new consignee can then transfer the […]
N | Page 13
N
NEGOTIABLE CERTIFICATE OF DEPOSIT (CD)
A CD that is short-term, 2 to 52 weeks, and of a large denomination , $100,000 minimum. Negotiable CDs issued by large banks are freely traded in secondary markets. It […]
NEGOTIABLE CERTIFICATE OF DEPOSIT (NCD)
A deposit of $100,000 or more issued by a bank that can be traded on a secondary market .
NEGOTIABLE INSTRUMENT
An order signed by an endorser to pay the holder without conditions.
NEGOTIABLE SECURITY
Freely buyable, saleable, and transferable instrument .
NEGOTIABLE WORDS
An instrument is negotiable by this specific terminology.
NEGOTIATE
To discuss or arrange a sale or bargain; to arrange the preliminaries of a business transaction . Also to sell or discount negotiable paper, or assign or transfer it by […]
NEGOTIATED CONTRACT
Without going through the competitive bidding process, on a direct agreement basis with a contractor, this type of contract is awarded.
NEGOTIATED ISSUE
An entity’s security issuance not open to competition , with terms strictly limited by the security’s issuer directly. Instead of using fund writers, an underwriter is appointed.
NEGOTIATED MARKET
Buyers and sellers negotiate the price posted as bid and ask prices in this type of market. NASDAQ is an example. In contrast, the New York Stock Exchange and American […]
NEGOTIATED MARKET PRICE
A price bargained and set by the government and the product-maker to mitigate a cataclysm’s effect, causing conditions that cannot be remedied, such as extreme shortages of a necessary product […]
NEGOTIATED PROCEDURE
Obtaining bids in a way that only chosen suppliers can negotiate a contract. In special cases of extreme urgency or where other procedures fail to yield any result can this […]
NEGOTIATED SWAP
An exchange of assets between parties to enhance their portfolio.
NEGOTIATED UNDERWRITING
When an issuer and an underwriter agree to a specific spread.
NEGOTIATING BANK
By purchasing an importer’s or buyer’s draft as a negotiable instrument , the beneficiary ‘s bank agrees to pay the beneficiary. Part of documentary credit . Also known as accrediting […]
NEGOTIATION
The deliberation , discussion, or conference upon the terms of a proposed agreement; the act of settling or arranging the terms and conditions of a bar- gain, sale, or other […]
NEGOTIATION CREDIT
The issuer specifically states that this documentary credit is available by negotiation . The issuer’s owes this money as an obligation continued to its drawers, endorsers, and bona fide holder […]
NEGOTIATION OF A BILL
A bill of exchange transfers to an entity that becomes the new holder from its current holder.
NEGOTIATIONS
the term that is applied to discussions that lead to the conclusion of an agreement or a transaction .
NEGOTIORUM GESTIO
Lat. In the civil law . Literally, a doing of business or businesses. A species of spontaneous agency, or an interference by one in the affairs of another, in his […]
NEGOTIORUM GESTOR
Lat. In tho civil law. A transacter or manager of business ; a person voluntarily constituting himself agent for another; one who, without any mandate or authority, assumes to take […]
NEGRO
The word “negro” meaus a black mau, one descended from the African race, and does not commonly include a mulatto. Felix v. State, 18 Ala. 720. But the laws of […]
NEIF
In old English law . A woman who was born a villein, or a bondwoman.
NEIGHBOR RULE
Legal principle that damage or injury to closely associated or nearby people or property may reasonably be foreseen by a person and avoided as acts of commission or omission.
NEIGHBORHOOD
A place near; an adjoining or surrounding district; a more immediate vicinity; vicinage. See Langley v. Barnstead, 03 N. II. 240; Madison v. Mor- ristown Gaslight Co., 05 N. J. […]