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.
[Blacks Law 8th]