Description: A negotiable instrument is a document that guarantees the payment of a specific amount of money, either on demand or at a specified time. These instruments are fundamental in the financial realm, as they allow the transfer of payment rights between parties. They are characterized by their ability to be endorsed, meaning they can be transferred to other individuals or entities, thus facilitating liquidity and trade. Negotiable instruments can include checks, promissory notes, bills of exchange, and bonds, among others. Their relevance lies in providing security and trust in commercial transactions by establishing a clear payment commitment. Additionally, they are essential in creating financial markets, as they enable investors and companies to access capital efficiently. In the context of decentralized finance (DeFi), negotiable instruments are beginning to be integrated into platforms that seek to replicate and enhance traditional financial services, offering new opportunities for investment and trade in a digital environment.
