negotiate,vb.1. To communicate with another party for the purpose of reaching an understanding <they negotiated with their counterparts for weeks on end>.2. To bring about by discussion or bargaining <she negotiated a software license agreement>.3. To transfer (an instrument) by delivery or indorsement, whereby the transferee takes the instrument for value, in good faith, and without notice of conflicting title claims or defenses <Jones negotiated the check at the neighborhood bank>. [Cases: Bills and Notes 176, 208. C.J.S. Bills and Notes; Letters of Credit ยงยง 139, 143, 146, 148.]

[Blacks Law 8th]