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NEGOTIABILITY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In mercantile law. Transferable quality. That quality of bills of exchange and promissory notes which renders them transferable from one person to another, and from possessing which they are emphatically termed “negotiable paper.” 3 Kent, Comm. 74, 77, 89, et seq. See Story, Bills,

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