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negotiable /nɪˈgoʊʃijəbəl/  

  • adjective
    able to be discussed and changed before an agreement or decision is made
    The terms of the contract are negotiable.
    The price was not negotiable.
    able to be successfully traveled over
    a rough but negotiable road
    finance :able to be passed from one person to another in return for something of equal value
    negotiable bonds/securities