Negotiable

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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 ?
First, the increase in the price of nontradables will lead to more profits in those sectors, and to an increase in the wages of the workers, which will attract capital and labor on the expense of manufacturing and agriculture (the major tradables).
Some economists suggest that, in analyzing inflation, it can be useful to differentiate between tradable goods and nontradable goods.
For an advanced and dynamic economy, both the ratio of nontradables to tradables and the sector size elasticity is larger than one, but the relation between the two is uncertain, by Table 1.
These productivity differences can take two forms; productivity differences between tradable and non-tradable goods within the country and the same across the countries.
Normalizing the price of tradables to 1 and denoting the price of non-tradable goods by [p.sup.N], the budget constraint is:
The real exchange rate is the relative price of tradables to nontradables in an economy and as such is an endogenous variable.
The basic premise that real exchange rate appreciation hurts tradable goods should not be confined to manufactures, however; other tradables should be affected as well.
Employing historical time series data from the Bureau of Labor Statistics and the Bureau of Economic Analysis, US industries are separated into internationally tradable and nontradable components, allowing for employment and value-added trends at both the industry and the aggregate level to be examined.
Firms in the tradable sector may avoid the outcome of the stagnation of real wages impacting domestic demand negatively to some extent by shifting from domestic to foreign markets
Without burdening you with formalities, Figure 6 shows an illustrative optimal path for an economy with two sectors, tradable and non-tradable goods and services.
The availability of forecasts for tradable and non-tradable inflation limits the sample period to begin in the third quarter of 2003 and is taken up to the first quarter of 2016.