What is Negotiation in banking?

What is Negotiation in banking?

Answers
It depends on what form of negotiation you are referring to. If it is negotiating a cheque for example you are referring to a negotiable instrument. These guarantee the payment of a specific amount of money, either on demand, or after a set time, without conditions in addition to payment imposed on the payer. Examples of these include cheques or promissory notes.
hyperion
22 August 2013
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