NEGOTIABLE Meaning and
Definition
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Negotiable is an adjective that describes something capable of being discussed, altered, or agreed upon through a process of negotiation between parties involved. It refers to the flexibility and adaptability of an item, condition, or agreement that can be modified or adjusted according to the parties' mutual agreement or understanding.
In legal and financial contexts, negotiable primarily refers to instruments or documents, such as bonds, checks, or promissory notes, that can be transferred or assigned from one party to another in exchange for value. These negotiable instruments are usually in a standardized or recognized format and can be legally enforceable for monetary transactions.
In a wider sense, the term negotiable can also be applied to various situations and contexts beyond legal and financial realms. For example, in disputes or conflicts, negotiable refers to issues or terms that are open to compromise or discussion, aiming to reach a mutually satisfactory resolution. It implies a willingness to collaborate, haggle, or bargain in order to reach a consensus or settlement.
Overall, whether in a legal, financial, or general context, negotiable refers to the potential for modification, transfer, or discussion, emphasizing the need for effective communication and compromise between parties to reach an agreement.
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Capable of being negotiated; that may be passed or transferred to another.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
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Etymology of NEGOTIABLE
The word "negotiable" has its origins in the Latin language. It is derived from the Latin word "negotiabilis", which itself comes from the verb "negotiari" meaning "to carry on business". In Latin, "negotium" refers to business or a specific task. Over time, "negotiabilis" came to mean "capable of being transacted or dealt with". This meaning was then adopted into English, resulting in the word "negotiable" which typically refers to something that can be negotiated, transferred, or traded.
Similar spelling word for NEGOTIABLE
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