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 ?
Although attrition of nontransferable permits may create inequities and inefficiencies, it is still often the route of least political resistance.
See, for example, descriptions of nontransferable programs in New Zealand's Fouveaux Strait oyster fishery (Riley 1982) and in the abalone fishery of Victoria, Australia (Stanistreet 1982).
The estate noted that, pursuant to the IRA agreements, the IRAs were nontransferable and, thus, unmarketable.
Income tax on the compensation is deferred as long as the employees' rights to the assets are nontransferable and subject to forfeiture.
To compensate the lawyer for serving on its board, the client granted nonvested, nontransferable, nonstatutory options on its stock to the lawyer personally.
To establish a trust to hold employee contributions in a nonqualified arrangement that allows the employee a current tax deferral on contributions, the employees' rights must be nontransferable and subject to a substantial risk of forfeiture.
The employer corporation planned to secure the benefits by transferring to the participants nonnegotiable, nontransferable participation certificates, which were to be secured by irrevocable standby letters of credit.
corporation that developed and manufactured software programs for accounting, financial reporting and cash management, and marketed the software through a foreign corporation to foreign customers under nonexclusive and nontransferable license terms, qualified for foreign sales corporation (FSC) export tax benefits.