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Applied to cheques which cannot be cashed over the counter but must be deposited into a payee's cheque or savings account. A cheque is rendered not negotiable by drawing two parallel lines across its face and writing 'not negotiable' between the lines.
Automatic update in 00:
17 mins confidence: peer agreement (net): +4
Explanation: i.e. the only person who has title to the check is the payee
Graham Poole United States Local time: 06:38 Specializes in field Native speaker of: English PRO pts in category: 32