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File:Negotiable cow.jpg
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Negotiate /nɪˈɡəʊʃɪeɪt/ (v.)
1. (Archaic) of a negotiable instrument, such as a 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.
