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.

Source : WordNet®

negotiable
     adj 1: capable of being passed or negotiated; "a negotiable road"
     2: able to be negotiated or arranged by compromise; "negotiable
        demands"; "the proposal is still on the table" [syn: {on
        the table}]
     3: legally transferable to the ownership of another;
        "negotiable bonds" [syn: {assignable}, {conveyable}, {transferable},
         {transferrable}]