Negotiable instrument

Definition - Noun
: a transferable instrument (as a note, check, or draft) containing an unconditional promise or order to pay to a holder or to the order of a holder upon issue, possession, demand, or at a specified time <was determined to be a holder in due course of a negotiable instrument>
see also bearer holder in due course

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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slight negligence

failure to exercise the great degree of care typical of an extraordinarily prudent person

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