A non-negotiable definition is a definition that cannot be changed or negotiated. This type of definition is often used in legal contracts and other documents where it is important to have a clear and unchanging definition of a term. What is an example of a non-negotiable? An example of a non-negotiable is a price floor. A price floor is the legal minimum price that can be charged for a good or service. Price floors are used to protect consumers from being charged too much for a good or service.
What do you mean by negotiable and non-negotiable instruments?
Negotiable instruments are financial instruments that can be transferred from one person to another in order to settle a debt or other financial obligation. Non-negotiable instruments, on the other hand, cannot be transferred in this way and must be settled by the original debtor.