What does not transferable mean?

What does not transferable mean?

nontransferable
Definition of nontransferable : not capable of being transferred : not transferable a nontransferable license The tickets are nontransferable.

What does non-transferable mean in a contract?

An option which passes only by will or intestacy is a non-transferable option. The term non-transferable option includes an option which by its terms is not transferable by such optionee otherwise than by will or the laws of descent and distribution, and is exercisable, during his lifetime, only by him.

What is the difference between transferable and non-transferable?

Under transferable letter of credit, exporter can transfer the credit fully or partly to one or more parties. It is used when the seller is a middleman who can transfer a part of the credit to the exporter for shipping the goods. When the credit is not transferable, it is non-transferable credit.

What is another word for non-transferable?

adj. alienable, transitory, acquired, impermanent, changeable.

Is cash non-transferable?

Normally no bank will allow you to en cash with out an account. But the crossing by Account Payee does not destroy its transferablity and negotiability under Negotiable Instrument Act . You can endorse it to another person who is having bank account.

What does it mean to be transferable?

If something can be transferred from one person to another, it’s transferable. In the legal or financial sense, transferable refers to something the value of which can be passed from one person to another.

Why is my number plate non-transferable?

Typically, a non-transferable plate arises where there is significant racing history associated with that car and registration number. It can also happen when a number has been transferred away and an age-related replacement is issued by the DVLA – this is why it is often found on old cars.

What is a non-transferable letter of credit?

In Non-Transferable Letter of Credit, the bank refuses to allow the transfer of credit to any other beneficiary other than the first beneficiary. Thus, it cannot be transferred to any party and only exporter/middlemen/first beneficiary can claim the credit for it.

What is another word for transferable?

In this page you can discover 19 synonyms, antonyms, idiomatic expressions, and related words for transferable, like: transmittable, isolated, fixed, interchangeable, movable, portable, conductible, nontransferable, assignable, conveyable and negotiable.

How do you make a non-transferable check?

It’s important to ensure the cheque can only be banked by the person or company it’s intended for. To do this, write the words ‘Not transferable’ or ‘A/C payee only’ or ‘Account payee only’ within two parallel lines cross across the face of the cheque. Make sure you know the correct payee name.

Why does my title say non-transferable?

Non-transferable registration is issued to out-of-state vehicles when their owners are unable to show proof of ownership. This type of registration means the vehicle cannot be sold, transferred, or issued a California Certificate of Title until specific conditions are met.

What does non transferable mean?

“non-transferable” in Business English. › not able to be used by another person: It is industry practice that tickets are non-transferable in order to prevent a secondary market in air tickets. The prizes are non-transferable and are not redeemable for cash or other prizes.

What does nontransferable mean?

When you purchase a monthly passenger pass, it is considered for your personal use only. “Non-transferable” means youmay not give or loan it to another person for their use.

What is not transferable?

What is not considered a transferable skill? Specialty skills, such as those that are only applicable to one specific job. For example, if you’re a dental hygienist “cleaning teeth is a critical skill that won’t likely transfer to anything else,” says Muse career coach Jennifer Smith,

What is non transferable rights?

A rights offering that’s not transferable is known as a non-renounceable rights issue. The process sounds complicated but in reality, it’s fairly straightforward. Companies notify shareholders that a rights issue is on the table and that they can buy a set number of shares at a specific price.