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


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
BURR: On this point there can be no negotiation: bondholders want negotiability.
After discarding the negotiability index as a proxy for liquidity, the other three measures were experimented with, when testing for the assumed inverse relationship between liquidity and transactions cost.
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.
He is also the exclusive sales agent at boutique condo development 32 Clinton, where "there's a little bit of room for negotiability," he said.
The index portfolio includes stocks whose added negotiability indexes represent 98 per cent of the total value of all individual negotiability indexes, during the 12 months preceding the reevaluation.
Negotiability. The political implications of abandoning refugee claims are well understood by the PLO leadership.
But with the advent of a negotiability clause, there is a good chance that the warehousing space constraints being faced by the government bodies can be overcome, assuring the banks of the quality of produce being stored in the warehouses, and encouraging them to reduce the interest percentages and margins on such loans.
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.