| Code Value | Definition |
|---|---|
| MONEY | LEGAL TENDER/CURRENCY, E.G. FEDERAL RESERVE BANK NOTES, U.S. NOTES, GOLD CERTIFICATE, SILVER CERTIFICATE. |
| NEGOTIABLE | INSTRUMENTS (NOT MONEY) THAT IS PAYABLE WITHOUT RESTRICTION, E.G., ENDORSED TRAVELERS CHECKS AND MONEY ORDERS; BEARER CHECKS AND BONDS. |
| NONNEGOTIABLE | INSTRUMENTS REQUIRING FURTHER ACTION TO BECOME NEGOTIABLE, E.G., UNENDORSED CHECKS, STOCKS, AND BONDS. |