Negotiable
/nɪˈɡoʊʃiəbəl/
Definitions
- (adj.) Capable of being transferred or endorsed under commercial law, especially relating to negotiable instruments.
A negotiable instrument can be transferred to another party by endorsement.
- (adj.) Subject to discussion or modification; open to negotiation.
The terms of the contract are negotiable.
Related terms
See also
Commentary
Typically used in commercial contexts to denote instruments that can be legally transferred; clarity between commercial and general usage is advised.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.