What does it mean to have Negotiability?

Question

Negotiability permits an obligation to pass freely by assignment as a substitute for the money. It is acceptable on its face.

Answer 1

I agree with the answer given: "Negotiability permits an obligation to pass freely by assignment as a substitute for the money. It is acceptable on its face." A negotiable instrument is one that can be endorsed (signed over) to another person without affecting the terms of said instrument. This is a business law term.