Negotiable a. : Capable of being negotiated; transferable by assigment or indorsement to another person; as, a negotiable note or bill of exchange.

Example:


Taxonomy
instrument, negotiable instrument, payee, promissory note, bill of exchange, money, bearer, cheques, indorsement, one person, bearer instrument, sum of money, holder in due course, drawer, the party, addressed, third party, negotiation.

Defination from the web:
negotiable instrument is a specialized type of "contract" for the payment of money that is unconditional and capable of transfer by negotiation. ... In the United States, Article 3 and Article 4 of the Uniform Commercial Code govern the issuance and transfer of negotiable instruments. ...