Negotiable is used to describe an asset, instrument, good, or security whose price has not been fully determined by a market, or otherwise. It means that the price is still to be decided. A negotiable instrument, however, refers to contracts that are capable of being transferred by endorsement and delivery. Examples of negotiable instruments are cheques, drafts, bank notes, and IOU’s.
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI's mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore: