Non-Negotiable in Legal Terms

Non-negotiable securities and products are those that cannot be transferred from one party to the other. An example of a non-negotiable instrument, also known as a non-negotiable instrument, would be a government savings bond. They can only be redeemed by the owner of the bond and cannot be sold to other parties. If an offer price is described as non-negotiable, it means that it is not possible to haggle over it. If a party sets a non-negotiable price, the opportunity to attempt to negotiate has been effectively eliminated by the reluctance of the first party to participate in such a discussion. A contract may involve some non-negotiable tenants. For example, a job offer may give some leeway to negotiate salary, but be rigid about other conditions, such as the number of days an employee can take for their annual leave. For example, a cheque would be considered a negotiable instrument because it can be presented to a financial institution (FI) in exchange for the real currency. Funds in physical currency, such as dollar bills, are also considered negotiable instruments because they can be easily exchanged between the parties. Most securities are negotiable, provided all appropriate legal documents are included. Negotiable is the opposite of non-negotiable.

When an offer price or contract is designated as negotiable, it means that it is not set in stone and can be adjusted according to circumstances. Similarly, instruments of this type can be easily exchanged or transferred. For example, a homeowner may not be willing to sell their property unless a buyer offers at least $250,000. If the person deems the offer price non-negotiable, an offer of $245,000 will be rejected. In addition, in leases of rental properties, the amount due as payment may be considered non-negotiable, as it is often a fixed price that the tenant must provide to the owner of the property. Last summer, Louisiana also banned illegal adoption, with violators facing a $5,000 fine and up to five years in prison. (a) Title is negotiable when the goods are to be delivered on their terms to the holder or on behalf of a nominated person. An item may be considered non-negotiable if a party involved in a transaction is unwilling to make changes to a defined condition. This may be the price of a particular good or service, an element of a contract or a financial product that cannot be exchanged or transferred to a new owner, including through the use of secondary markets.

Ex-rebels living abroad were alarmed by the failure to receive the compensation rate and news of their homes. (b) Title other than that described in subparagraph (a) is not negotiable. A bill of lading indicating that the goods are to be handed over to a named person does not become negotiable by a provision stipulating that the goods are to be delivered only against an order contained in a protocol signed by the same or another designated person. As they cannot be resold, these products, also known as registered or non-transferable securities, are said to be illiquid. The term “non-negotiable” means the price of a good or security that is firmly established and cannot be adjusted, or as part of a contract or transaction that is considered a requirement by one or both parties involved. In addition, the term may refer to a good or title whose ownership cannot be easily transferred from one party to another. With respect to securities, if an asset is designated as a registered security, its price cannot be changed. This may apply to savings bonds because they have a certain face value or face value and cannot be traded at another value. It also notes that the High Court is practically non-existent and that there is therefore no High Court where justice can be sought. These sample phrases are automatically selected from various online information sources to reflect the current use of the word “non-negotiable”. The views expressed in the examples do not represent the views of Merriam-Webster or its editors.

Send us your feedback. The distinction between over-policing and non-responsiveness was alive and well in Bed-Stuy. Declaration on a bill of exchange prohibiting its transfer or exchange. The declaration is labelled “non-negotiable”, except in the case of a control where it can be made non-negotiable by tick. Therefore, the beneficial owner cannot transfer ownership of these invoices. Certainly Captain Merveilles and his people showed their non-vulgar pit. (c) A title is not negotiable if, at the time of its issuance, it contains a conspicuous indication, however expressed, that it is not transferable; Nglish: Non-negotiable translation for Spanish speakers It teaches you to take your time, or as the Germans call it, it gives you “rest”, the great condition sine qua non! An atheist advises his coreligionists not to talk to believers.