/nɪˌɡoʊʃiəˈbɪləti/ – Noun
Definition: Khả năng chuyển nhượng.
A more throughout explanation: 1. (of a cheque or other money substitute) the quality of being able to be exchanged for cash
2. (of an asset) the quality of being able to be transferred or assigned to the ownership of another person
Example: 1. The negotiability of a cheque is not affected by the fact that it is backdated.
2. The negotiability of an asset does not demand that a security interest in it be perfected by possession.