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NCD

It stands for negotiable certificate of deposit; a certificate of deposit (CD) that is marketable- i.e., the holder can resell...

Negotiable Certificate of Deposit

A certificate of deposit (CD) that is marketable- i.e., the holder can resell it to other parties in the market....

Bearer Instrument

A negotiable instrument that is payable to bearer or to “cash”, rather than to an identifiable payee. The bearer is…

Accommodation Paper

A negotiable instrument that is endorsed by a party that does not receive any compensation/reward in return. In other words,…

Accommodation Note

A negotiable instrument that is endorsed by a party that does not receive any compensation/reward in return. In other words,…

Bill of Exchange

A three-party negotiable instrument which represents an unconditional, written order issued by a natural or legal person (the drawer) instructing...

Negotiable Instrument

A written instrument which is signed by its maker (the drawer) and contains an unconditional promise or order to pay...

Bona Fide Holder for Value

A holder of a negotiable instrument (commercial paper such as bill of exchange, check/ cheque, etc.) who acquired its title...

Protected Holder

A holder of a negotiable instrument (commercial paper such as bill of exchange, check/ cheque, etc.) who acquired its title...

Bona Fide Holder

A holder of a negotiable instrument (commercial paper such as bill of exchange, check/ cheque, etc.) who acquired its title...