- Negotiable can be used to describe the price of a product or the terms of a contract that are not firmly established.
- Negotiable instruments refer to securities, the ownership of which can be easily transferred from one party to another.
- Examples of negotiable instruments include certificates of deposit and currencies.
- Negotiable securities are considered liquid, that is, they can be easily transferred or sold on the market.
- In contrast, non-tradable instruments are considered illiquid because they cannot be resold on the market.