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[[File:Bond | [[File:Transylvanian Bond.jpeg|450px|thumb|center|A negotiable instrument in Transylvania yesterday]] | ||
[[File:Negotiable cow.jpg|450px|thumb|center|Another negotiable instrument yesterday]] | [[File:Negotiable cow.jpg|450px|thumb|center|Another negotiable instrument yesterday]] | ||
}}Or a [[financial instrument]], its ease of ''legal'' transferability, especially without the cooperation of the instrument’s obligor. An instrument can be negotiable even if not easily transferred physically, as A. P. Herbert’s magical tale of the [[Negotiable cow|Negotiable Cow]] (pictured right) makes clear. | }}Or a [[financial instrument]], its ease of ''legal'' transferability, especially without the cooperation of the instrument’s obligor. An instrument can be negotiable even if not easily transferred physically, as A. P. Herbert’s magical tale of the [[Negotiable cow|Negotiable Cow]] (pictured right) makes clear. |