negotiability

negotiability
A technical term derived from the usage of merchants and bankers in transferring bills of exchange and promissory notes. 11 Am J2d B & N § 2. The most vital and distinctive characteristic of a negotiable instrument, the term importing a transferable quality in the instrument to which it is applied; a quality of easy or simple transferability by any possessor; a quality of transferability which permits the transferee to take free of equities and defenses which could be asserted against the transferor of the instrument. 11 Am J2d B & N § 2. A quality turning entirely upon the form of the instrument and the terms in which it is expressed. 11 Am J2d B & N § 2.

Ballentine's law dictionary. . 1998.

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  • Negotiability — Ne*go ti*a*bil i*ty (? or ?), n. [Cf. F. n[ e]gociabilit[ e].] The quality of being negotiable or transferable by indorsement. [1913 Webster] …   The Collaborative International Dictionary of English

  • negotiability — negotiable ne‧go‧ti‧a‧ble [nɪˈgəʊʆiəbl, ʆə ǁ ˈgoʊ ] adjective 1. BANKING a negotiable document, such as a banknote or a bill of exchange, can be exchanged for money or goods 2. COMMERCE an offer, price etc that …   Financial and business terms

  • negotiability — /nagowsh(iy)abilatiy/ Legal character of being negotiable (q.v.). A term referring to a set of circumstances, described by law, under which a transferee of property can acquire rights therein that are better or greater than the rights of the… …   Black's law dictionary

  • negotiability — /nagowsh(iy)abilatiy/ Legal character of being negotiable (q.v.). A term referring to a set of circumstances, described by law, under which a transferee of property can acquire rights therein that are better or greater than the rights of the… …   Black's law dictionary

  • negotiability — negotiable ► ADJECTIVE 1) open to discussion or modification. 2) able to be traversed; passable. 3) (of a document) able to be transferred or assigned to the legal ownership of another person. DERIVATIVES negotiability noun …   English terms dictionary

  • negotiability — noun see negotiable …   New Collegiate Dictionary

  • negotiability — See negotiable. * * * …   Universalium

  • negotiability — noun The state of being negotiable used especially of a financial instrument …   Wiktionary

  • negotiability — n. state of being open to negotiation; transferability; condition of being saleablene·go·ti·a·bil·i·ty || nɪ‚gəʊʃə bɪlÉ™tɪ …   English contemporary dictionary

  • negotiability — The ability of a document to change hands thereby entitling its owner to some benefit, so that legal ownership of the benefit passes by delivery or endorsement of the document. For a document to be negotiable it must also entitle the holder to… …   Accounting dictionary

  • negotiability — The ability of a document that entitles its owner to some benefit to change hands, so that legal ownership of the benefit passes by delivery or endorsement of the document. For a document to be negotiable it must also entitle the holder to bring… …   Big dictionary of business and management

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