Definition of 'Non-Negotiable'
1. A term relating to the price of a good or security which is firmly established and cannot be adjusted.
2. A term relating to a good or security whose ownership is not easily transferable from one party to another.
Investopedia explains 'Non-Negotiable'
1. When an asking price is considered non-negotiable, it means that you cannot try to change the price as it has been firmly established.
2. Securities and products that are considered non-negotiable cannot be transferred from one party to the next and thus are typically illiquid.
An example of a non-negotiable instrument would be a government savings bond. These can only be redeemed by the owner of the bond and are not allowed to be sold to other parties.
Also known as registered securities, non-marketable or non-transferable securities.