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Glite Dictionary
🤝 Openness to change 💵 Transferable by law 🛣️ Able to pass
negotiability

negotiability

8.4
How easily a document can be legally transferred to another person
  • noun
  • /nɪˌɡoʊʃiˈɑːbɪlɪti/
  • Specialized
translation icon : negociabilidad
  • The negotiability of a check allows it to be endorsed and cashed by someone else.

Examples

  • Without negotiability, financial instruments cannot be freely transferred between parties.

  • Lawyers discussed the negotiability of the promissory note in court.

  • The negotiability of the contract was questioned by the lawyer.

  • Is the negotiability of this agreement clear?

  • The negotiability of the lease agreement allows tenants to transfer their rights to another party.

  • In their meeting, they examined the negotiability of the sales contract to ensure it could be assigned if necessary.

  • The negotiability of government bonds makes them a popular choice among investors looking for low-risk options.

Surface Forms

negotiability singular
negotiabilities plural

Morphology

negotiability = negotiable (semi-transparent) = negotiate + able + ity

Morphologically derived from 'negotiable', but the legal sense 'transferable/endorsable' is a specialized commercial-law meaning not obvious to average learners.

Etymology

Negotiability comes from the same root as negotiate, from Latin negotium 'business', where to negotiate a paper meant to pass it in business to someone else. That's why in law negotiability is the quality that lets a check or note be legally transferred so another person can use it.