From The Collaborative International Dictionary of English v.0.48 [gcide]:
2. Negotiable, as a note, bill of exchange, or other evidence of property, that may be conveyed from one person to another by indorsement or other writing; capable of being transferred with no loss of value; as, the stocks of most public companies are transferable; some tickets are not transferable.
From WordNet (r) 3.0 (2006) [wn]:
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