as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
meaning of readily transferable?
user
securities or quite a few negotiable instruments can change title of ownership without any issue. many at times the owner ship in implicit if you are holding a certain instrument. so for example in stock its a fractional ownership in a company, this ownership transfers to the buyer from the seller without requiring any permission from the company.   in case of say loans, one cannot transfer the loan to some one else without the banks permission.
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