Term of the Day negotiable

Term of the Day


  1. The ability to be sold or transferred to another party as a form of payment. Something which is negotiable is transferable by endorsement anddelivery. A negotiable instrument could be a check made out to you, because you could endorse it for payment to you or transfer it to someone else as payment to them.
  2. For a price or other terms of a contract or agreement, the ability to be adjusted. For example, when a price is said to be negotiable, it means that the seller is open to the possibility of reducing the price.
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Usage Example
When shopping at most retail stores items are typically not negotiable as they are listed at a set price.