Negotiable /(? [or] ?)/

Ne·go·ti·a·ble

Negotiable

a.
  1. Capable of being negotiated; transferable by assignment or indorsement to another person; as, a negotiable note or bill of exchange.

Phrases & Compounds
Negotiable paper
any commercial paper transferable by sale or delivery and indorsement, as bills of exchange, drafts, checks, and promissory notes.