Negotiability

The Jolly Contrarian’s Glossary The snippy guide to financial services lingo.™ Go Premium A negotiable instrument yesterday Another negotiable instrument yesterday Index — Click the ᐅ to expand: Glossary Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

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

• Bond
• The curious structure of an MTN