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 ?
Supports negotiability, bond sellability, tranquility of proration.
Negotiability under the code does not preclude instructions or undertakings on a note, but encourages the proper use of them.
Neither negotiability nor recording is required, but both confer greater legal rights and require greater--and costlier--formalities.
Egencia, a US-based online travel company and a subsidiary of Expedia Inc (NASDAQ: EXPE), has announced its 2012 Corporate Travel Forecast and Hotel Negotiability Index.
No empirical evidence has been collected on the effects of these new guidelines on the negotiability of ramps by persons with mobility impairments.
interbank loans could ease temporary reserve restrains), or 3) use credit expansion to increase reserve negotiability, thus reducing the risk of illiquidity.
D'Aguilar's strategy of seeking listing of its key assets on recognised stock exchanges is designed to deliver negotiability for its key assets, less dilutive funding of forward exploration programs, and expanded and focussed project management teams independent of D'Aguilar.
The duality of identification and negotiability focuses on how individuals form identities through participation in community practices, multiple memberships in local and global communities, their learning trajectories within a CoP, and modes of belonging.
He is also the exclusive sales agent at boutique condo development 32 Clinton, where "there's a little bit of room for negotiability," he said.
The index portfolio includes stocks whose added negotiability indexes represent 98 per cent of the total value of all individual negotiability indexes, during the 12 months preceding the reevaluation.
But with the advent of a negotiability clause, there is a good chance that the warehousing space constraints being faced by the government bodies can be overcome, assuring the banks of the quality of produce being stored in the warehouses, and encouraging them to reduce the interest percentages and margins on such loans.