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Is a line of credit a negotiable instrument?

April 26, 2017credit Finance instrument line of credit Loans negotiable

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Is a line of credit a negotiable instrument?

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A line of credit is not a negotiable instrument. According to the U.S. Uniform Commercial Code, a negotiable instrument is a document that states a promise to pay the owner of the documents. The most common type of negotiable instrument is a check.References:U.S.