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A security whose title is transferable by delivery . See also: Negotiable instrument.


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.


1. Of, relating to, or being a price that is not firmly established.
2. Of or relating to an instrument that is easily transferable from one owner to another owner. With proper endorsement, most securities are negotiable.


A negotiable contract is one whose terms can be altered by agreement between the parties to the contract.

For example, when you negotiate the sale of your home, you might be willing to reduce the price, or you might be flexible about the closing date, generally in response to some concessions from the buyer.

Similarly, the interest rate on your mortgage or the number of points you pay might be negotiable with your lender.

A negotiable financial instrument or security is one that can be transferred easily from one party to another by endorsing and delivering the appropriate documentation.

Stock certificates are negotiable, for example, requiring the owner simply to sign the back and deliver the document to an agent. A check is also negotiable, transferring money from the writer to the payee on the basis of a signature and an endorsement.

References in periodicals archive ?
Consumer Price Index (CPI) follow the tradable-versus-nontradable pattern: tradable goods and services have lower inflation, and nontradable ones have higher inflation.
The next section describes the tradable and nontradable parts of the economy.
This is why the data actually contradict Spence's inference that incomes in the tradable sector have mirrored value-added growth and thus outpaced income growth in the rest of the economy.
Normalizing the price of tradables to 1 and denoting the price of non-tradable goods by [p.
To prove data consistency for Table 3, Figure 10 presents the share of tradables produced in the economy together with the three RER indices.
Finally, initial movements in tradables prices can induce additional effects, such as changing inflation expectations and wage demands.
Using data from the International Comparison Program and the Penn World Tables (international statistical programs sponsored by the World Bank and the Organization for Economic Cooperation and Development), they demonstrate that a clear positive relationship exists between prices in a given country and the country's per capita income--for all goods and for tradable goods.
Note also that for Rwanda the labour share is much lower in the urban tradable sector than for Egypt, consistent with similar production technology but much lower wage rates in Rwanda.
The higher the required volume of the tradable goods production, the greater the initial price discrepancy between the relative price tradables in terms of non-tradables.
Tradables (which are mainly goods, but includes some services) are those that are imported or that are produced domestically but compete against imports, such as household furnishings.
By the law of one price, the prices of tradables tend to get equalised across countries, while the prices of non-tradables do not.