negotiable

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Related to Negotiable Securities: Financial securities, Bearer security

negotiable

adjective alienable, assignable, capable of being transferred, consignable, conveyable, interchangeable, maneuverable, marketable, salable, transferable, transmissible, transmittible, vendible
Associated concepts: commercial paper, negotiable contract, negotiable instruments, promissory note
See also: assignable, conditional, heritable

NEGOTIABLE. That which is capable of being transferred by assignment; a thing, the title to which may be transferred by a sale and indorsement or delivery.
     2. A chose in action was not assignable at common law, and therefore contracts or agreements could not be negotiated. But exceptions have been allowed to this rule in relation to simple contracts, and others have been introduced by legislative acts. So that, now, bills of exchange, promissory notes, bills of lading, bank notes, payable to order, or to bearer, and, in some states, bonds and other specialties, may be transferred by assignment, indorsement, or by delivery, when the instrument is payable to bearer.
     3. When a claim is assigned which is not negotiable at law, such, for example, as a book debt, the title to it remains at law in the assigner, but the assignee is entitled to it in equity, and he may therefore recover it in the assignor's name. See, generally, Hare & Wall. Sel. Dec. 158 to 194 Negotiable paper.

References in periodicals archive ?
Compensation will be paid US$240 million in cash and US$360 million in various negotiable securities issued by Petroleos de Venezuela, S.
This will include: currency and coin, checks, money orders, delivery of receipted deposit tickets and other correspondence between the bank and the City, and the transportation of negotiable securities or other items of value.
Should Wealth elect not to proceed, the advance is secured by both negotiable securities in an amount exceeding the funds advanced, and by a promissory note.
ADRs, or American Depositary Receipts, are negotiable securities traded or listed in the U.