Negotiate: Difference between revisions
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{{def|Negotiate|/nɪˈɡəʊʃɪeɪt/|v| | {{def|Negotiate|/nɪˈɡəʊʃɪeɪt/|v| | ||
[[File:Negotiable cow.jpg|450px|thumb|center|A [[Negotiable instrument]], yesterday.]] | [[File:Negotiable cow.jpg|450px|thumb|center|A [[Negotiable instrument]], yesterday.]] | ||
}}1. (''Archaic'') of a [[negotiable instrument]], such as a [[Albert Haddock|cow]], to | }}1. (''Archaic'') of a [[negotiable instrument]], such as a [[Albert Haddock|cow]], to [[assign]] one’s rights, title and interests in it to a third person by “endorsing” it.<br> | ||
2. Of an industry-standard [[master trading agreement]], to spend six months communicating to your proposed counterparty your [[credit department]]’s view — which they cannot bring themselves to express to your counterparty in person, it being a matter of “legal [[verbiage]]” that they, mere men and women of finance and not law are not qualified to “opine” — that your firm will [[I'm not going to die in a ditch about it|die in a ditch]] before accepting [[cross-acceleration]] or some similar concession the firm would in fact never in a million years use, and would not understand how to even if they wanted to. | 2. Of an industry-standard [[master trading agreement]], to spend six months communicating to your proposed counterparty your [[credit department]]’s view — which they cannot bring themselves to express to your counterparty in person, it being a matter of “legal [[verbiage]]” that they, mere men and women of finance and not law are not qualified to “opine” — that your firm will [[I'm not going to die in a ditch about it|die in a ditch]] before accepting [[cross-acceleration]] or some similar concession the firm would in fact never in a million years use, and would not understand how to even if they wanted to. | ||
Latest revision as of 18:51, 12 December 2020
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Negotiate /nɪˈɡəʊʃɪeɪt/ (v.)
1. (Archaic) of a negotiable instrument, such as a cow, to assign one’s rights, title and interests in it to a third person by “endorsing” it.
2. Of an industry-standard master trading agreement, to spend six months communicating to your proposed counterparty your credit department’s view — which they cannot bring themselves to express to your counterparty in person, it being a matter of “legal verbiage” that they, mere men and women of finance and not law are not qualified to “opine” — that your firm will die in a ditch before accepting cross-acceleration or some similar concession the firm would in fact never in a million years use, and would not understand how to even if they wanted to.