ne·go·tia·ble 
(nĭ-gōshə-bəl, -shē-ə-)
(nĭ-gōshə-bəl, -shē-ə-)adj.
1. Capable of being discussed in an effort to reach an agreement: negotiable demands.
2. Capable of being traveled over or through; passable: a negotiable road.
3.
a. Transferable from one person to another: negotiable securities.
b. Transferable from one person to another by means of endorsement: checks and other negotiable instruments.
ne·go′tia·bili·ty n.
ne·gotia·bly adv.