negotiable

(redirected from Marketable securities)
Also found in: Dictionary, Thesaurus, Financial.

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 ?
These risks and uncertainties include, among others, our planned effort to redeploy our assets and use our substantial cash, cash equivalents and marketable securities to enhance stockholder value and the occurrence of events which could limit our ability to utilize our substantial net operating loss carry forward as well as other factors described in the "Risk Factors" section of the Company's filings with the Securities and Exchange Commission, including the Company's latest annual report on Form 10-K and most recently filed Forms 8-K and 10-Q, which may be obtained at our web site at www.
737, which causes a partner to recognize gain if he or she contributes to a partnership property that has a value in excess of its historical basis and then receives within the next five years a distribution of other property), money includes marketable securities taken into account at their fair market value as of the date of distribution.
The Fifth Circuit held the proper valuation of the plans to be the FMV of the marketable securities held (as determined by reference to applicable securities rates and the date of the decedent's death), but did not include a discount for associated income tax liabilities.
A To prevent partners from exchanging their share of a partnership's appreciated assets for a disproportionate share of the partnership's marketable securities and thus deferring gain, the Uruguay Round Agreements Act--related to the General Agreement on Tariffs and Trade--added section 731(c) to the Internal Revenue Code.
Nevertheless, they are just as tangible as certificates of deposit (CDs) and marketable securities.
In Lappo, TC Memo 2003-258, a taxpayer contributed marketable securities and real estate to a limited partnership, then gave limited partner interests representing 98.
12, Accounting for Certain Marketable Securities, provides additional support for nonreversal.
295 billion of debt and US$558 million of cash and marketable securities.
731-2(h), as a taxable distribution of marketable securities to W and V.
In addition, OMX will make a cash consideration equal to EV's surplus cash and marketable securities.
Passive-asset FLPs holding cash and/or marketable securities currently are settling at approximately a 25% discount.