Negotiable note
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 13 U.S. 9 - Mandeville v. The Union Bank of Georgetown · 1815Most cited · 10 citing opinions
By making a note negotiable in bank, the maker authorizes the bank to advance on his credit to the owner of the note the sum expressed on its face. It would be a fraud on the bank to set up offsets against this note in consequence of any transactions between the parties. These offsets are waived and cannot, after the note has been discounted, be again set up.