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Glossary   >   N   >   "Not negotiable" Definition            Not negotiable Words written on a bill of exchange or cheque which should prevent encashment following theft. For example if A writes a cheque to B and marks it "not negotiable", then in the event that the cheque is stolen by C, it could not be cashed since no one can have a good title to it other than B. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Not negotiable - Words written on a bill of exchange or cheque which should prevent encashment following theft. For example if A writes a cheque to B and marks it "not negotiable", then in the event that the cheque is stolen by C, it could not be cashed since no one can have a good title to it other than B.