Negotiable, nonnegotiable and Semi Negotiable Instruments.

There are three types of instrument pertain with banking sector- 

(I) Negotiable instrument(Transferable instrument): Dividend warrant, Exchange bill, Promissory note,Bank draft,Commercial paper,Bearer debenture, Treasury bills, Pay order or Banker's cheque, Warehouse receipts,Bank note,Share warrant etc. 

(II) NonNegotiable instrument (NonTransferable instrument): Money order, Postal order, Credit Card, Share certificate, Airway bills, Deposit receipt, Crossed cheque etc. 

(III) SemiNegotiable instrument (semiTransferable): Railway receipt, Bill of Landing, warrant, Letter of credit, Dock,Carrier receipt etc.

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