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Not to order clause
A bill or cheque marked «not to order» cannot be transferred through endorsement. Transfer may only be effected by assignment since the «not to order» clause changes an order paper into a registered security.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
Other Languages:
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