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Claims that can be bought and sold in financial markets, such as those of stockholders and bondholders.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A security that may be bought or sold. Generally, a negotiable security is traded on the secondary market, but the initial sale takes place on the primary market. Negotiable securities may be low-risk, such a Treasury bonds, or high-risk, such as stocks. They are also known as marketable securities. See also: Nonmarketable security.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved