Ne‐go″ti‐a‐ble (? or?), a. [Cf. F. négotiable. See Negotiate.] Capable of being negotiated; transferable by assignment 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.