What does the word negotiable?

What does the word negotiable?

1 : able to be discussed in order to reach an agreement a negotiable price. 2 : able to be successfully dealt with or traveled over negotiable roads. negotiable.

What does price negotiable mean?

negotiable Add to list Share. If you’re told that a price is negotiable, that means you can talk it over until you reach an agreement. So don’t start with your highest offer. Negotiable can also mean that a road or path can be used.

What makes something negotiable?

The term negotiable refers to the fact that the note in question can be transferred or assigned to another party; non-negotiable describes one that is firmly established and cannot be adjusted or amended.

How do you use the word negotiable?

Negotiable sentence example

1. You pay to ride and the fee is always negotiable .
2. The bonds were negotiable , and afford us the earliest instance of the issue of government stock.
3. Hence “to cash” means to convert cheques and other negotiable instruments into coin.

What is meant by freely negotiable?

A letter of credit that can be presented with conforming documents at any bank.

What is the full meaning of negotiate?

Full Definition of negotiate : to confer with another so as to arrive at the settlement of some matter Teachers are negotiating for higher salaries. transitive verb. 1a : to deal with (some matter or affair that requires ability for its successful handling) : manage negotiated his business deals with remarkable skill.

What does negotiable mean in finance?

Negotiable is used to describe the price of a good or a contract that is not firmly established, meaning the terms can be modified. For example, a negotiable instrument or document has a monetary value assigned to it and guarantees payment of an amount from a payer (or issuer) to the payee.

Which of the following is a requirement of negotiability?

To be negotiable, an instrument must meet the following requirements: It must (1) be in writing, (2) be signed by the maker or drawer, (3) contain an unconditional promise or order to pay, (4) state a fixed amount of money, (5) be payable on demand (or at sight) or at a definite time, (6) be payable to order or to …

What is a freely negotiable letter of credit?

When the letter of credit does not put any condition for the negotiation of documents, it is a freely negotiable letter of credit. This letter of credit can be negotiated through any willing bank. In case, the credit names a specific bank for negotiation, then the letter of credit is a restricted credit.

What is restricted credit?

A restricted letter of credit refers to a letter of credit which restricts negotiation to the bank which the issuing bank has nominated in the credit. In a restricted negotiable letter of credit, the authorization from the issuing bank to pay the beneficiary is restricted to a specific nominated bank.

Does negotiate mean bargain?

To negotiate is defined as to bargain or discuss both sides of an issue until an agreement is reached. To negotiate the river rapids. verb. To confer with another or others in order to come to terms or reach an agreement.

What is the best synonym for negotiable?

negotiable

• debatable.
• transferable.
• assignable.
• transactional.