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 ?
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.
The next section describes the tradable and nontradable parts of the economy.
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).
Using data from the International Comparison Program and the Penn World Tables (international statistical programs sponsored by the World Bank and the Organization for Economic Cooperation and Development), they demonstrate that a clear positive relationship exists between prices in a given country and the country's per capita income--for all goods and for tradable goods.
The Balassa-Samuelson effect postulates that inflation is driven by productivity growth in the tradable sector, as knowledge spillovers from abroad speed the process of real convergence.
The dilemma doesn't exist for a producer located in a developed country because both tradables and nontradables trade in hard currency, Yotopoulos said.
Entrepreneurs find it more attractive to produce tradable products because that is the way they can acquire American dollars.
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.
The real exchange rate q is defined as the relative price of tradables produced abroad (measured in domestic currency) to domestically produced tradables (all variables are expressed in logarithms):
Reduction in openness increases the gap between the free trade domestic price for tradables and the actual domestic price for tradables.
The EPC can be defined as the ratio of distorted tradable valued added at market prices to its undistorted value priced at border prices.