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 ?
Updates made copyrights impractical, therefore, the software was made available to the customer under a nonexclusive and nontransferable license agreement prohibiting reproduction.
Under the terms of the rights offering, holders of the Company's common stock (except Angostura Limited and its affiliates) will be entitled to one nontransferable basic subscription right to purchase one share of common stock for each five shares of common stock held at the close of business on the May 20, 2005 record date.
Under the terms of the offering, holders of the Company's common stock (except Angostura Limited and its affiliates) will be entitled to one nontransferable basic subscription right to purchase one share of common stock for each five shares of common stock held at the close of business on the May 20, 2005 record date.