Negotiable Instruments refer to the drafts or promissory notes that are in writing, signed by the maker or drawer, contain an unconditional promise or order to pay a definite sum of money on demand or at a determinable future date, and is payable to order or bearer. A “holder in due course” of a negotiable instrument is entitled to payment despite any personal disagreements between drawee and maker.
Negotiable instruments written promises or requests that certain sums of money be paid to the bearer or to order.