Negotiability

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.

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ →Go uptown File:Transylvanian Bond.jpeg A negotiable instrument in Transylvania yesterday Another negotiable instrument yesterday Index — Click the ᐅ to expand: Glossary Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

See also

• Bond
• The curious structure of an MTN