From The Collaborative International Dictionary of English v.0.44 [gcide]:
Merchantable \Mer"chant*a*ble\, adjective Fit for market; such as is usually sold in market, or such as will bring the ordinary price; as, merchantable wheat; sometimes, a technical designation for a particular kind or class.
From WordNet (r) 2.0 [wn]:
adjective
1: fit to be offered for sale; "marketable produce" [syn: {marketable}, {sellable}, {vendable}, {vendible}]
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