negotiable
(adjective)
Able to be transferred to another person, with or without endorsement.
Examples of negotiable in the following topics:
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Notes Payable
- A promissory note is a negotiable instrument, where one party (the maker or issuer) makes, under specific terms, an unconditional promise in writing to pay a determined sum of money to the other (the payee), either at a fixed or determinable future time or on demand by the payee.
- Negotiable promissory notes are used extensively in combination with mortgages in the financing of real estate transactions.
- It is non-negotiable, and does not include an unconditional promise to pay clause.
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Types of Cash
- Cash equivalents include all undeposited negotiable instruments (such as checks), bank drafts, money orders and certain certificates of deposit.
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Acid Test Ratio
- In contrast, if the business has negotiated fast payment terms with customers and long payment terms from suppliers, it may have a very low quick ratio yet good liquidity .
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Characteristics of Bonds
- Ownership of bonds are often negotiable and transferable to secondary markets.
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Recognizing Accounts Receivable
- When accounts receivables are not paid, some companies turn them over to third party collection agencies or collection attorneys who will attempt to recover the debt via negotiating payment plans, settlement offers or pursuing other legal action.
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Types of Bonds
- Some issuers declared bankruptcy or sought relief from the bondholders by negotiating new debt terms.