negotiable credit instrument

基本解釋

Demand deposits have no maturity and must be paid by commercial banks when a negotiable instrument, generally in the form of a check or a credit card, is presented.
提交流通票據(jù)（通常以支票或信用卡的形式）時，商業(yè)銀行就必須兌現(xiàn)。
A payer's agent that is to say the entrusted agent of the payer refers to a financial institute such as a bank or a credit union that is entrusted by the payer to pay for the negotiable instrument.
代理付款人即付款人的委托代理人，是指根據(jù)付款人的委托代為支付票據(jù)金額的銀行、信用合作社等金融機構(gòu)。