The quality of a negotiable instrument that ensures it is mobile and available is called ________.

A) relative permanence
B) movability
C) alteration
D) conditional allotment
E) negotiation

Negotiability

The characteristic of a financial instrument that allows it to be transferred or assigned from one party to another, ensuring the receiving party obtains a good title.

Negotiable Instrument

A written order or unconditional promise to pay a fixed sum of money that is transferable from one party to another.

Movability

The quality of a negotiable instrument that ensures it is mobile and available.