A certificate of deposit may be negotiable even if it does not contain an express promise to pay.

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A certificate of deposit can be negotiable if the requirements of negotiability are met, even if it does not contain an express promise to pay. The negotiability of a certificate of deposit depends on whether it meets the requirements of negotiability, such as being payable to order or bearer, being in fixed amounts, and being transferable by delivery or endorsement.

A Certificate of Deposit May Be Negotiable Even If It