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Amwelladmin (talk | contribs) (Created page with "{{def|Negotiate|/nɪˈɡəʊʃɪeɪt/|v|File:Negotiable cow.jpg}} 1. (''Archaic'') of a negotiable instrument, such as a cow, to transfer ones rights, t...") |
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{{def|Negotiate|/nɪˈɡəʊʃɪeɪt/|v|File:Negotiable cow.jpg}} | {{def|Negotiate|/nɪˈɡəʊʃɪeɪt/|v|File:Negotiable cow.jpg}}1. (''Archaic'') of a [[negotiable instrument]], such as a [[Albert Haddock|cow]], to transfer ones rights, title and interests in it to a third person by “endorsing” it.<br> | ||
1. (''Archaic'') of a [[negotiable instrument]], such as a [[Albert Haddock|cow]], to transfer ones 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 will be unable to express for themselves, it being a matter of “legal [[verbiage]]” — 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. | 2. Of an industry-standard master trading agreement, to spend six months communicating to your proposed counterparty your credit department’s view — which they will be unable to express for themselves, it being a matter of “legal [[verbiage]]” — 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. | ||