1. To communicate with another party for the purpose of reaching an understanding (they negotiated with their counterparts for weeks on end).
2. To bring about by discussion or bargaining (she negotiated a software license agreement).
3. To transfer (an instrument) by delivery or indorsement, whereby the transferee takes the instrument for value, in good faith, and without notice of conflicting title claims or defenses (Jones negotiated the check at the neighborhood bank). [Cases: Bills and Notes 176, 208. C.J.S. Bills and Notes; Letters of Credit §§ 139, 143, 146, 148.]
