non-negotiable securities

基本解释

Are non-cash negotiable securities in the custody of a person other than the one responsible for cash receipts?
非现金的可转让证券是否由负责现金收款人外的其他人员保管？
American Depositary Receipt, issued by a U. S. deposit ary bank, is an negotiable instrument which represents ownership in securities of a non-U.
ADR即美国存托凭证，是由美国存托银行向美国的投资者发行的，代表非美国公司股票所有权的一种可流通证券。
Business turnover for transactions of foreign exchange, negotiable securities or futures conducted by non-financial organizations or individuals is free from business tax.
非金融机构和个人买卖外汇、有价证券或期货，不征收营业税。