noun
negotiation
The transfer of a financial instrument or its conversion into money.
The bank handles the negotiation of the commercial instrument.
Etymology
The word belongs to the Latin family for conducting business. Here it names the particular transaction by which a financial instrument is transferred or exchanged for money.
More examples
- The agreement allowed negotiation of the note.
- They reviewed procedures for negotiation.
- The instrument's negotiation required proper endorsement.
Forms
negotiation
negotiate verb — work toward agreement or handle difficulty
Similar words
- transfer
- Moves ownership without necessarily conversion into cash.
- redemption
- Often exchanges an instrument for its stated value.