What Is A Negotiable Document

What Is A Negotiable Document. What is a negotiable instrument? A document that contains a guarantee or promise to pay a specific amount of money to a person or entity in possession of the instrument, whether on a specified date.

In civil law, the bill of lading is a negotiable document, on the same footing as the bill of exchange, provided that it is made out to order. Negotiable document means a document, such as a warehouse receipt or a bill of lading, that embodies a right to delivery of tangible assets and satisfies the requirement for.