Negotiable

(definition) by Webster 1913 Wed Dec 22 1999 at 1:24:01

Ne*go"ti*a*ble (? ∨ ?), a. [Cf. F. n'egotiable. See Negotiate.]

Capable of being negotiated; transferable by assigment or indorsement to another person; as, a negotiable note or bill of exchange.

Negotiable paper, any commercial paper transferable by sale or delivery and indorsement, as bills of exchange, drafts, checks, and promissory notes.

 

© Webster 1913.

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