What is Negotiable?
Negotiable is used to describe the price of a good or security that is not firmly established. It is also used to describe a good or security, such as cash, whose ownership is easily transferable from one party to another. Other words used to describe negotiable are marketable, transferable or unregistered.
Understanding Negotiable
You often hear the term negotiable used in reference to the purchase price of a particular good or security. The asking price is not set in stone and can be adjusted depending on the circumstance. Most securities are negotiable; they can be easily transferred from one party to the next, provided all proper legal documentation is included.
