What does not transferable mean?

What does not transferable mean?

nontransferable
: not capable of being transferred : not transferable a nontransferable license The tickets are nontransferable. Other Words from nontransferable More Example Sentences Learn More About nontransferable.

What is another word for non-transferable?

What is another word for nontransferable?

inalienable	absolute
incontrovertible	indefeasible
indisputable	natural
nonnegotiable	non-transferable
unalienable	undeniable

What is the difference between transferable and non-transferable?

Under transferable letter of credit, exporter can transfer the credit fully or partly to one or more parties. It is used when the seller is a middleman who can transfer a part of the credit to the exporter for shipping the goods. When the credit is not transferable, it is non-transferable credit.

What does non-transferable mean in a contract?

Non-assignable: A status in which the entire licensing agreement, or some of its rights, obligations, and terms; may not be transferred to a party that has not signed the original contract. See also “Non-transferable.” A third-party beneficiary stands to benefit from the performance of the contract.

Why are services not transferable?

Ownership is never transferred in the case of services. In products, the product is produced first and than it is sold. However in services, the product is bought first and than produced and consumed. In this case the ownership is not transferred.

What is another word for transferable?

In this page you can discover 19 synonyms, antonyms, idiomatic expressions, and related words for transferable, like: transmittable, isolated, fixed, interchangeable, movable, portable, conductible, nontransferable, assignable, conveyable and negotiable.

What is a non-transferable letter of credit?

In Non-Transferable Letter of Credit, the bank refuses to allow the transfer of credit to any other beneficiary other than the first beneficiary. Thus, it cannot be transferred to any party and only exporter/middlemen/first beneficiary can claim the credit for it.

What does non-transferable mean on a coupon?

The “non-transferable” statement is one of the terms of redemption that the manufacturer issuing a coupon sets. Through these terms, the manufacturer reserves the right to deem the coupon void if it has been transferred against its wishes.

What does transferrable mean?

Definitions of transferrable. adjective. capable of being moved or conveyed from one place to another. synonyms: movable, moveable, transferable, transportable mobile.

Can back to back LC transferable?

The issuing bank has to designate such an LC as transferable at the time of issuing it. Only then can the beneficiary transfer the credit to a third party. In the case of a back to back LC, the LC is issued by the bank against the primary LC, which acts as collateral.

What does non-transferable. mean?

Definition of non-transferable in English: non-transferable. adjective. Not able to be transferred or made over to the possession of another person. ‘a special ticket which was non-transferable’. ‘Entry is by a non-transferable invitation, and parents have to accompany the kids.’.

What is non transferable rights?

1. Describing a right that one may not sell or give away, either because of legal limitations or a standing agreement. For example, riparian rights to water are non-transferable by common law except to the owner of a neighboring property. 2. See: Nonnegotiable.

What does non-transferable check mean?

Furthermore, such crossed checks are considered non-transferable, meaning they cannot be signed over to a third party. The only action permitted is for the payee to deposit the check in an account that he or she holds in his or her own name.

What is a non transferable license?

Definition of nontransferable. : not capable of being transferred : not transferable. a nontransferable license. The tickets are nontransferable.