negotiable


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Related to negotiable: Negotiable bill of lading

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 ?
When the salary was described as negotiable, 24 percent of women and 22 percent of men stated salary discussions.
The difference between a non-negotiable document and a negotiable document is that a negotiable document actually transfers title of the goods once one "original" of the document is endorsed and surrendered to the buyer.
Uyan also said that Kuveyt Turk exerts efforts for providing new products for clintele and investors through setting up a fund that invests in gold and negotiable in stock exchanges, making use of its long experience in the gold market.
These debt papers are negotiable and transferable, and offer a tax-free coupon if held to maturity.
The Iranian nation's nuclear rights are not negotiable and our nuclear cooperation will be done within the U.
The lost down payment is only part of the trouble developers using 421-a negotiable certificates are experiencing.
This supplement for American law students provides condensed coverage in outlines and definitions of the rules and statutes found in the Uniform Commercial Code's Article 3 (dealing with negotiable instruments) and Article 4 (dealing with bank collections), intended as a study supplement to complete textbooks.
Clearly our constitution is not negotiable and any attempt to overthrow the sovereignty of the monarch would be illegal under existing legislation relating to treason.
However, some charge 35% to 40%, but this is usually negotiable.
As far as the Catholic Church is concerned, the principal focus of her interventions in the public arena is the protection and promotion of the dignity of the person, and she is thereby consciously drawing particular attention to principles which are not negotiable.
In June he said the rebate was not negotiable; in September he said it was negotiable but only if the French reviewed the bloated CAP (Common Agricultural Policy), and in December he gave it away with nothing in return.
For example, completing timed math facts is not a safety issue (Basket A), therefore, it is negotiable (Basket B).