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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 ?
BURR: On this point there can be no negotiation: bondholders want negotiability.
The historic role and influence of the law merchant provides a broad context for understanding negotiability under the code.
The new forecast suggests a decreased negotiability for corporate travel expenses in 2012.
The purpose of the study reported here was to evaluate truncated dome detectable warnings that were installed in accordance with the revised guidelines and to determine their effects on the safety and negotiability of ramps for individuals who use wheelchairs.
Negotiability is made possible through three modes of belonging: engagement, imagination, and alignment.
Knowing that buyers want to bargain, many developers now price their units with negotiability built in.
Three elements compose this competence: mutuality of engagement, negotiability of the repertoire, and accountability to the enterprise.
They can be eased by system design in terms of completion, yield and negotiability, and possibly, if necessary, by supplementary improvements.
The study builds on themes first addressed in EgenciaOs 2009 Forecast and Negotiability Index released last November.
11) Courts generally consider the following factors in determining whether the contractual waiver of the right to a jury trial was entered into knowingly, voluntarily, and intentionally: (1) the negotiability of the terms of the contract and the negotiations between the parties concerning the waiver provision; (2) the conspicuousness of the waiver provision within the contract; (3) the relative bargaining power of the parties; (4) the business acumen of the party opposing the enforcement of the waiver; and (5) whether the party opposing the enforcement of the waiver had an opportunity to have the provision reviewed by an attorney.
Its projections covered market-by-market predictions for air and hotel pricing and a Negotiability Index that illuminates relative purchasing power across 15 key United States and five international business destinations.
For Wenger, identification and negotiability represent two components of identity that are in tension with one another.