Use 'negotiable security' in a sentence | 'negotiable security' example sentences
1- Negotiable securities or bonds that could be cashed by someone else should always go in the safety deposit box.
2- No substitution or withdrawal of negotiable securities deposited by a self-insurer shall be made except upon authorization by the Office.
3- A self-insurer who has made an adequate deposit of negotiable securities as required by the Office under the regulations in this part will be reauthorized for the ensuing fiscal year without additional security if the Office finds that his experience as a self-insurer warrants such action.
4- At any time upon application of a self-insurer, or on the initiative of the Office, when in its opinion the facts warrant, the principal sum of an indemnity bond required to be given or the amount of negotiable securities required to be deposited may be reduced.
5- The Office may, however, whenever it deems it unnecessary to resort to such securities for the payment of compensation, authorize the self-insurer to collect interest on the securities deposited by him. § 703.308 Substitution and withdrawal of negotiable securities .
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