negotiable

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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 ?
Some economists suggest that, in analyzing inflation, it can be useful to differentiate between tradable goods and nontradable goods.
The tradable sector accounted for only a negligible number of new jobs due to gains in service industries (eg, finance and consulting) being offset by losses in manufacturing and agricultural employment.
Globalization undeniably plays some role (although not the primary role) in job and wage trends for workers in the tradable sector, but the U.
Households receive a random endowment of tradables [y.
According to Sachs and Larrain (1994), goods included in the following activities: a) agriculture, hunting, forestry, and fishing, b) mining and quarrying, and c) manufacturing are roughly speaking typically tradables, while goods in the remaining categories are generally assumed to be non-tradables.
Entrepreneurs find it more attractive to produce tradable products because that is the way they can acquire American dollars.
Headline inflation continues to be held below the target range by ongoing negative tradables inflation.
A 10 percent fall in the exchange rate typically does not raise aggregate domestic tradables prices by 10 percent.
In seeking to understand this relationship, economists have tended to focus on differences in prices among countries for either tradable goods (goods that are easily or frequently traded) or nontradable goods (goods that are too costly to trade frequently among countries).
It is a small economy, which takes international prices of tradable goods as given and does not influence them.
The bias in the production of tradables was widely observed in formerly centralised economies.
Headline inflation is being held below the target band by continuing negative tradables inflation.