A certificate that is transferable by delivery and which, in the case of a registered certificate, has been duly endorsed and guaranteed Transferable from one party to another
Capable of being negotiated; assignable or transferable in the ordinary course of business
Contracts or assets that are negotiable can be transferred to another person in exchange for money. The bonds may no longer be negotiable. negotiable bearer bonds
Something that is negotiable can be changed or agreed when people discuss it. He warned that his economic programme for the country was not negotiable The Manor is for sale at a negotiable price. fixed
able to be negotiated or arranged by compromise; "negotiable demands"; "the proposal is still on the table" capable of being passed or negotiated; "a negotiable road
In terms of documents, 'negotiable' means that e g a Bill of Lading is handed over/transferred in the right manner (viz proper endorsement) to another person either endorsed in blank or endorsed to a person and that person acquires, by this transfer certain rights vis-a-vis the goods e g is entitled to take possession of the goods