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term:
Marketable
marketable adj
1 : fit to be offered for sale
: being such as may be justly or lawfully sold or bought [ goods]
2 : wanted by buyers [ securities]
mar·ket·abil·i·ty [mÄ r-kə-tə-bi-lə-tē]
n
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.