negotiable
ne.go.tia.ble \ni-'go--sh(e--)*-b*l\ aj : capable of being negotiated; esp : transferable from one person to another in return for equivalent value by being delivered with or without endorsement so that the title passes to the transferee
ne.go.tia.ble \ni-'go--sh(e--)*-b*l\ aj : capable of being negotiated; esp : transferable from one person to another in return for equivalent value by being delivered with or without endorsement so that the title passes to the transferee