Instrument

What is Instrument?

A negotiable instrument or other writing evidencing a right to payment of funds, which is not itself a security agreement, and is in the ordinary course of business transferred by delivery without indorsement or assignment.

Further Reading

For more detailed information, see our related Security Transactions And Mortgages terms:

• Buyer in the Ordinary Course of Business
• Endorser
• Holder in due course
• Negotiable Instrument
• Lease Agreement

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Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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