Negotiability

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The Jolly Contrarian’s Glossary
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File:Transylvanian Bond.jpeg
A negotiable instrument in Transylvania yesterday
Another negotiable instrument yesterday
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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 (pictured right) makes clear.

See also