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 ?
Clearly, the sector most affected by the real appreciation effect had to be tradeables production.
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.
If the impact of 'EXDC' on tradeables is greater than the impact on nontradeables then openness will improve.
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.
While there is no impact on investment in tradeables (since output and employment in that sector depend only on the unchanged relative price), investment and second-period production in the non-tradeable sector decline.
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.
Although the "law of one price" does not operate in the non-tradeable sector, relative wages there are still influenced by labour productivity in tradeables, for DCs and LDCs alike.
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.
Tradeables will be packaged in sets of five and fans will have the opportunity to receive select players from every MLB team and a team logo in each package.
The MLB 2009 Tradeables edition are available at Fathead.
Tradeables will be packaged in sets of five and come in two categories: Authentics Tradeables[TM], exact replicas of the Real.
Within this small, but action packed package, there's much more than meets the eye - three types of NFL Tradeables for starters.