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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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Also, the expansion path (OZ) must move (due to the change in relative prices) to its new position (OZ'), that is, closer to the axis of the now relatively more cheaper tradeables. The new equilibrium consumption point is now C' and the new equilibrium production point is P'.
As a result, production in the tradeables sector will fall from [S.sub.T] to [S.sub.T]' (indirect deindustrialization), whereas the demand for tradeables increases from DT to DT' .
Of course, the tradeables sector was also negatively affected by wage policy.
Applying both single- and simultaneous-equation econometric procedures, the authors produce results indicating that almost all variables including government consumption of tradeables, GDP, excess domestic credit, net capital inflow GDP (defined as the sum of net foreign borrowing, foreign aid, and net foreign income from abroad), the sum of GDP exports and imports and technological progress (proxied by the GDP growth) significantly affect the behaviour of Pak-rupee real exchange rate.
(7) For the present study we measure "CP' as ratio of GDP to tradeables. Alternative measures of 'CP' can be tariff revenues as a ratio of GDP, average statutory tariff rate and rate of export subsidy.
This shows that credit creation is also used for the expansion of the tradeable sector.
In this section goods prices are perfectly flexible but real wages are rigid at too high a level for full employment to prevail; government policies affect employment in this case by changing the relative price of tradeables and non-tradeables, thus inducing an expansion of one sector at the expense of the other.
No matter what the effect on aggregate investment, however, the increased level of production of tradeables in the first period dominates on the current account, leading to the standard result of a trade surplus.
With respect to the second factor, the share of tradeables and non-tradeables in the budget (and GDP) as incomes grow is determined by the Gerschenkron effect.