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 ?
Fragile medieval banking services were replaced by robust financial, investment, and insurance service; checks, drafts on foreign banks, stocks, and negotiable securities all existed.
The fixed portion includes the following services: - the allocation and the interim review of the long-term and short-term issuer ratings of the provence-alpes-cte d~azur region, - the rating of the short-term negotiable securities program, - the emtn (euro medium term note) rating, the part with purchase orders (which does not include a minimum or maximum amount) includes the following services: - the rating of programs under emtn program.- the public presentation of the approach of ratingthe market is not broken down into slices or lots
Contract notice: analysis for allocation / monitoring of the issuer rating, rating of short- / medium-term negotiable securities issuance programs and emtn, rating of issues under programs / issues stand alone