Why are Australian checks marked "Not Negotiable"?

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2006-10-31 08:11:30 · 5 answers · asked by ? 5 in Business & Finance ➔ Personal Finance

It's because they are not negotiable :)

2006-10-31 08:12:45 · answer #1 · answered by carbonkid22 2 · 0⤊ 0⤋

Check is an example of of a non negotiable financial instrument. That's why.

2006-10-31 16:36:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋

They simply do not want you to negotiate them.

2006-10-31 16:13:53 · answer #3 · answered by festus_porkchop 6 · 0⤊ 0⤋

So only the person who's name is on the cheque can cash it. Otherwise people could steal the cheque and get the money themselves.

2006-10-31 23:48:32 · answer #4 · answered by obenypopstar 4 · 0⤊ 0⤋

You can't get a bargain on everything...

2006-10-31 16:23:05 · answer #5 · answered by Anonymous · 0⤊ 0⤋