Negotiability
A Dictionary of Law · Henry Campbell Black · 1891
A Dictionary of Law
In mercantile law, Transferable quality. That quality of bills of exchange and promissory notes which renders them transferable from one persoR to another, and from possessing which they are cmphatically termed “negotiable paper.”
3 Kent, Comm. 74, 77, 8Y, et seq. See es Story, Bills, § 60.