Negotiable instruments are any written securities which may be transferred by endorsement and delivery or by delivery merely, so as to vest in the endorsee the legal title, and thus enable him to sue thereone in his own name. Other words, those instruments, which not only carry the legal title with them by endorsementor delivery, but carry as well, when transferred before maturity, the right of the transferee to demand the full amounts which their faces call for.
Negotiable instruments are written a promise or request for the payment of a certain sum of money to order or bearer, letters of credit, and other negotiable written securities. Under the Uniform Negotiable Instruments Act, an instruments, to be negotiable, must be in writing and signed. It must contain and unconditional promise or order to pay a certain sum of money on demand or at a fixed and determinable future time. It must be payable to order or to bearer. Its negotiability is not affected by the fact that it is not dated, or that it bears a seal.