Negotiable 可转让的

The ability to be sold or transferred to another party as a form of payment. Something which is negotiable is transferrable by endorsement and delivery. A negotiable instrument could be a check made out to you, because you could endorse it for payment to you or transfer it to someone else as payment to them.

Legal right of the holder to demand and require payment from the drawer, maker, or endorser if the instrument( such as a check, draft, promissory note) is dishonored. Endorsement 背书

1. A legal term that refers to the signing of a document which allows for the

legal transfer of a negotiable from one party to another.

2.An attachment to a document that amends or adds to it. Typically, it is an added

provision to an insurance policy. Also referred to as a "rider".

When an employer signs a check, they are endorsing the transfer of money from the business accounts to the account of the employee.

If an insurance contract has a provision stating that in the event of the policy holder's death the family of the policy holder will continue to receive the policy holder's monthly income for a period of time, this is an example of an endorsement or a rider. Endorsements and riders cause the price of the premium to rise as they provide a positive benefit.

Right to recourse 追索权偿还请求权

Loan agreements: legal right of a lender to seek repayment of the loan from the borrower’s (and /or the guarantor’s) unpledged personal property, in addition to the property pledged to the lender as collateral.

Factoring 保理

Factoring is a financial transaction whereby a business job sells its accounts receivable, such as invoices, to a third party at a discount in exchange for immediate money with which to finance continued business.

First, the emphasis is on the value of the receivables. Secondly, factoring is not a

loan–it is the purchase of a financial asset (the receivable). Finally, a bank loan involves two parties whereas factoring involves three.

Liability 责任，义务

A liability is defined as an obligation of an entity arising from past transactions or events, the settlement of which may result in the transfer or use of assets, provision of services or other yielding of economic benefits in the future. A liability is defined by the following characteristics:

∙Any type of borrowing from persons or banks for improving a business or personal income that is payable during short or long time;

∙ A duty or responsibility to others that entails settlement by future transfer or use of assets, provision of services, or other transaction yielding an economic

benefit, at a specified or determinable date, on occurrence of a specified event, or on demand;

∙ A duty or responsibility that obligates the entity to another, leaving it little or no discretion to avoid settlement; and,

∙ A transaction or event obligating the entity that has already occurred.