Non-Transferable

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Non-Transferable

1. Describing a right that one may not sell or give away, either because of legal limitations or a standing agreement. For example, riparian rights to water are non-transferable by common law except to the owner of a neighboring property.

2. See: Nonnegotiable.
References in periodicals archive ?
NYSE: HYF) announced today that the Fund has commenced a nontransferable rights offering to stockholders of record on January 31, 2005 (the "Record Date") which grants one non-transferable right for each whole share of common stock held on the Record Date, rounded up to the nearest number of rights divisible by three.
NASDAQ:HCTLF) today announced that it has extended the expiration date of 1,330,329 nontransferable share purchase rights (the "Rights") which had been scheduled to expire on Feb.