— negotiability , n.
/ni goh"shee euh beuhl, -sheuh beuhl/ , adj.
1. capable of being negotiated: a negotiable salary demand.
2. (of bills, securities, etc.) transferable by delivery, with or without endorsement, according to the circumstances, the title passing to the transferee.
n.
3. negotiables , negotiable bonds, stocks, etc.
[ 1750-60; NEGOTI(ATE) + -ABLE ]