merchantable
merchantable (m[schwa]r-ch[schwa]nt-[schwa]-b[schwa]l), adj. Fit for sale in the usual course of trade at the usual selling prices; MARKETABLE. — Also termed salable. See implied warranty of merchantability under WARRANTY (2). [Cases: Sales 272. C.J.S. Sales §§ 254–256.] — merchantability, n.