The-definition.com

Definition

Negotiable bill of lading

Negotiable bill of lading refers to a contract that grants title of merchandise to the holder, which allows banks to use the merchandise as collateral.

Share it:  Cite

More from this Section

  • Exchanges
    Exchanges is the secondary markets in which buyers and sellers of securities (or their ...
  • Needs approach
    Needs approach is a method for estimating amount of life insurance appropriate for a family ...
  • Banker’s Acceptance
    Banker’s Acceptance is negotiable time drafts, or bills of exchange, that have been ...
  • Bankruptcy
    Bankruptcy occurs when a company is unable to pay its debts as they become due, or has ...
  • Human Resources Managers
    A bank’s performance in serving the public and its owners depends, more than anything ...