Ne·go·ti·a·ble a. Capable of being negotiated; transferable by assignment or indorsement to another person; as, a negotiable note or bill of exchange.
Negotiable paper, any commercial paper transferable by sale or delivery and indorsement, as bills of exchange, drafts, checks, and promissory notes.
adj 1: capable of being passed or negotiated; "a negotiable road"
2: able to be negotiated or arranged by compromise; "negotiable
demands"; "the proposal is still on the table" [syn: on
3: legally transferable to the ownership of another;
"negotiable bonds" [syn: assignable, conveyable, transferable,