Source : Webster's Revised Unabridged Dictionary (1913)

Negotiable \Ne*go"ti*a*ble\ (? or ?), a. [Cf. F. n['e]gotiable.
   See {Negotiate}.]
   Capable of being negotiated; transferable by assigment or
   indorsement to another person; as, a negotiable note or bill
   of exchange.

   {Negotiable paper}, any commercial paper transferable by sale
      or delivery and indorsement, as bills of exchange, drafts,
      checks, and promissory notes.