What Is Non-Negotiable?

Non-negotiable means not open for debate or modification. It can refer to the price of a good or security that is firmly established and cannot be adjusted or a part of a contract or deal that is considered a requirement by 🍨one or b⛦oth involved parties. The term non-negotiable can also relate to a good or security whose ownership is not easily transferable from one party to another.

Understanding Non-Negotiable

An item can be considered non-negotiable if one party involved in a transaction is not willing to make any changes to a condition that has been set in place. This could relate to the price for a particular good or service, an element within a contract, or a 澳洲幸运5开奖号码历史查询:financial product that cannot be exchanged or transferred to a new owner, even through the use of 澳洲幸运5开奖号码历史查询:secondary markets. Crossed checks from Mexico and other countries are 澳洲幸运5开奖号码历史查询:frequently non-negotiable.

Non-negotiable is the opposite of 澳洲幸运5开奖号码历史查询:negotiable. When an asking price or contract is referred to as negotiable, it means that it is not set in stone a💖nd can be adjusted depending on the circumstance. Likewise, instruments of this nature can be exchanged or transferred with ease.

For example, a check would qualify as a negotiable instrument as it can be presented to a financial institution in exchange for actual currency. Funds in physical currency, such as dollar bills, are also considered to be negotiable instrumꦜents because they can be easily exchanged between parties. Most securities are negotiable, too, provided𓆉 that all proper legal documentation is included.

Non-Negotiable Financial Products

Non-negotiable securities and products are those that cannot be transferred from one party to the next. An example of a non-negotiable instrument, also referred to as a 澳洲幸运5开奖号码历史查询:non-marketable instrument, would be a 澳洲幸运5开奖号码历史查询:government savings bond. They can only be redeemed by the owner of the bond and are not allowed to be sold to other parties.

Because they cannot be sold on, these products, also known as registered securities or non-transferable securities, are described as illiquid.

Other Examples of Non-Negotiable Items

Non-Negotiable Prices

When an asking price is described as non-negotiable, it means it is not possible to haggle over it. When one party sets a nಌon-negotiable price, the o♎ption to attempt to negotiate has been effectively removed by the first party’s unwillingness to participate in such a conversation.

For example, a homeowner may be 🍷unwilling to sell their property unless a buyer offers at least $250,000. If the individual deems the asking price to be non-negotiable, a bid of 💯$245,000 will be rejected.

If an asset is referred to as a 澳洲幸运5开奖号码历史查询:registered security, its price cannot be changed. This can apply to savings bonds as they have a specified 澳洲幸运5开奖号码历史查询:face value, or par, and cannot be n𝄹egotiated to any ot𓆏her value.

Non-Negotiable Contract Elements

A contract may contain certain non-negotiable stipulations. For example, a job offer might offer scope to negotiate on salary, but be rigid about other terms, such as the number of days that an employe🐼e can take for annual leav🔥e.

Moreover, in the cases of leases on rental properties, the amount due as payment may be considered non-negotiable as it is often a fixed price that must be provided by the tenant to the property owner.

The Bottom Line

When you hear the term non-negotiable in finances, chances are it's referring to something that cannot be changed. Financial instruments may be non-negotiable, which means they cannot be exchanged for cash by anyone other than the owner or payee. The dates and prices for assets may also be non-negotiable, which means they can only be exchanged on or after the noted date and for the noted amount. Contrast this with negotiable items. These are assets that may be transferred to other entities and/or may be exchanged for a higher or lower amount.