NEGOTIABLE

[ne.go.tia.ble] adj (1758): capable of being negotiated: as a: transferable from one person to another by being delivered with or without endorsement so that the title passes to the transferee "~ securities" b: capable of being traversed, dealt with, or accomplished "a difficult but ~ road" "~ demands" c: open to discussion or dispute -- ne.go.tia.bil.i.ty n