Chiefly Law. Capable of being transferred to the ownership of another; able to be sold or given away.

Capable of being demised.

Capable of being or fit to be transferred.

That may be assigned or allotted; legally transferable.

Capable of being transferred or legally made over to another; spec. of bills, drafts, cheques, etc.: assignable in the course of business from one…

That may be legally conveyed.