A negative of a vector represents the direction opposite to the reference direction. It means that the magnitude of two vectors are same but they are opposite in direction.

For example, if A and B are two vectors that have equal magnitude but opposite in direction, then vector A is negative of vector B.

Yes, a physical quantity can have magnitude and direction but still be a scalar if it doesn't obey the vector addition. An example is Electric Current which has magnitude and a fixed direction, but it does not follow vector laws of addition.