NONNEGOTIABLE

nonnegotiable, adj. 1. (Of an agreement or term) not subject to change (the kidnapper’s demands were nonnegotiable). 2. (Of an instrument or note) incapable of transferring by indorsement or delivery. Cf. NEGOTIABLE INSTRUMENT . [Cases: Bills and Notes 144. C.J.S. Bills and Notes; Letters of Credit §§ 127, 129–130, 143.]