Definition of "negotiability" [ne•go•ti•a•bil•i•ty]

• The state of being negotiable - used especially of a financial instrument. (noun)

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• "One real-estate executive surmised that that kind of negotiability indicated a buyers 'market."
• "This principle, it would seem, favors recognition in bankruptcy of a purchaser's state law rights to "negotiability" (to use Professor Levitin's shorthand), subject to subordination and disallowance only in "drastic and unusual" circumstances"
• "And, because there is less price negotiability in the lower market, they tend to move quicker in this market."