Define: Acknowledged Instrument

Acknowledged Instrument
Acknowledged Instrument
What is the dictionary definition of Acknowledged Instrument?
Dictionary Definition of Acknowledged Instrument

Acknowledged Instrument:

Noun

1. A legal document or financial instrument that is officially recognized and accepted by a governing authority or institution.

2. A written agreement or contract that has been formally acknowledged by all parties involved, typically through the signing or sealing of the document.

3. In the context of finance, an acknowledged instrument refers to a negotiable instrument, such as a promissory note or bill of exchange, that has been acknowledged by the issuer as a valid and enforceable obligation.

4. In the field of music, an acknowledged instrument refers to a musical instrument that is widely recognized and accepted as a standard or traditional instrument within a particular culture or genre.

Example sentence: The mortgage agreement was an acknowledged instrument, signed by both the borrower and the lender, ensuring the legal validity and enforceability of the loan terms.

Full Definition Of Acknowledged Instrument

An acknowledged instrument refers to a legal document, such as a deed or a mortgage, that has been formally recognized and accepted by a notary public or another authorized official. The acknowledgment process involves the signer of the instrument appearing before the notary public, who verifies the signer’s identity and ensures that they are signing the document willingly and knowingly. The notary public then adds their signature, seal, and a certificate of acknowledgment to the instrument, attesting to its authenticity. This acknowledgment is crucial for the instrument’s validity and enforceability, as it provides evidence that the signer’s identity has been verified and that they have acknowledged their signature before a competent authority.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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