Negotiable \Ne*go"ti*a*ble\ (? or ?), a. [Cf. F. n['e]gotiable.
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.