"NEGOTIABLE OR 'TO ORDER'", Find Credit Unions, Fiduciaries, Savings Plans, Trust Companies, Letters Of Credit, Registered Agents

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"NEGOTIABLE OR 'TO ORDER'" - Depository Glossary Terms and Abbreviations

A bill of lading in which the merchandise is consigned directly "to order" or "to the order of" a designated party, usually the shipper or a bank. The phrase "to order" or "to the order of (a designated party)" signifies negotiability permitting the title of the merchandise to be transferred many times by means of appropriate endorsements.

Depository glossary and terms by letter

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