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 ?
The most significant negotiable fee is the bid/ask spread.
They have lawyers who can sort out whether calling air miles a negotiable instrument is reasonable.
Men tended to apply more often for the "masculine" jobs, but the authors were able to reduce this gender gap in applications by 45 per cent merely by adding information that wages were "negotiable." They conclude that ambiguity about the possibility of wage negotiations may discourage women from applying to some positions and contribute to gender wage gaps.
"By merely adding the information that wage is 'negotiable,' we successfully reduced the gender gap in applications by approximately 45 percent."
There are two types of transport documents, namely negotiable and non-negotiable.
5 October 2011 - Fitch yesterday assigned a AA+(arg) rating with a "stable" outlook to the ARS100m (USD23.8m/EUR17.9m) negotiable notes Class II to be issued by Argentina-based lender Banco Santander Rio (BUE:BRIO), part of Spanish Santander (MCE:SAN).
He added that Kuveyt Turk is the first Islamic bank that sets up a mutual fund in line with Islamic Shariaa and negotiable in ISE in what offers liquidity for investors, speed in liqueifying their equities, besides an opportunity for making use of the hike in the gold prices as well as the advantage of keeping value.
"The Iranian nation s nuclear rights are not negotiable and our nuclear cooperation will be done within the U.N.
"The Iranian nation's nuclear rights are not negotiable and our nuclear cooperation will be done within the U.N.
These debt papers are negotiable and transferable, and offer a tax-free coupon if held to maturity.
The lost down payment is only part of the trouble developers using 421-a negotiable certificates are experiencing.
In other words it implies that our own constitution is negotiable.