negotiability

Definition
  1. Noun:
    • The quality of being able to be negotiated: "negotiability" refers to the property of a financial instrument, document, or agreement that allows it to be transferred, sold, or exchanged for value.
    • The state of being open to discussion or settlement: In a broader sense, it describes the capacity of a matter, term, or condition to be adjusted or agreed upon through discussion.
Usage Examples
  • (The check could be transferred for payment.)
  • (The terms could be discussed and changed.)
Advanced Usage

  • "Negotiability of instruments": A legal term referring to the transferability of financial documents like checks, promissory notes, or bills of exchange.

    • Banks assess the negotiability of a promissory note before accepting it as collateral. (They evaluate whether it can be legally transferred.)

  • "Limited negotiability": A condition where an instrument or agreement can only be transferred under specific restrictions.

    • The bond had limited negotiability, as it could only be sold to accredited investors. (It could not be freely traded.)
Variants and Related Words

  • Negotiable (adj): capable of being negotiated or transferred.

    • The price is negotiable, so feel free to make an offer. (The price can be discussed.)

  • Negotiate (v): to discuss terms in order to reach an agreement.

    • They will negotiate the sale of the property next week. (They will discuss and agree on the sale.)

  • Negotiator (n): a person who conducts negotiations.

    • The negotiator secured a favorable deal for the company. (The person who bargains.)
Synonyms
  • Transferability: the ability to be passed from one person to another.
  • Sellability: the quality of being able to be sold or exchanged for money.
  • Flexibility: the capacity to be adjusted or modified through discussion.
Related Idioms

  • "Open to negotiation": indicating that terms or conditions can be discussed.

    • The salary is open to negotiation for the right candidate. (The salary can be discussed.)

  • "Negotiating table": a metaphorical phrase for the place where discussions occur.

    • Both sides came to the negotiating table with clear demands. (They met to discuss terms.)