verb
negotiate
To transfer a financial instrument to another holder or exchange it for money.
She negotiates the check by endorsing it and delivering it.
Etymology
The Latin source means to conduct business. The financial sense specializes that activity to transferring a document of value or converting it into money.
More examples
- The bank negotiates the draft and credits our account.
- He negotiated the promissory note to a new holder.
- Ask your bank about negotiating a check payable in foreign currency.
Forms
negotiate · negotiates · negotiated · negotiating
negotiable adjective — Legally transferable from one holder to another.