Non Negotiable Check Definition. Negotiable refers to the flexibility of goods or contract terms, allowing for adjustments as needed. A negotiable instrument, such as a personal check, is a signed document that promises an amount to be paid to a specified person or assignee.
The ucc has been adopted in virtually identical form in. A negotiable instrument, such as a personal check, is a signed document that promises an amount to be paid to a specified person or assignee.