negotiability

adjective | \ ni-ˈgō-shə-bəl \ | ne·go·tia·ble

1. : capable of being negotiated; especially : transferable from one party to another by delivery with or without endorsement so that title passes to the transferee negotiable securities a negotiable certificate of deposit — see also negotiable instrument : transferable from one party to another by delivery with or without endorsement so that title passes to the transferee negotiable securities a negotiable certificate of deposit — see also negotiable instrument