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Webster 1913 Edition

Adj.

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.

Adj.

Fit for market; such as is usually sold in market or such as will bring the ordinary price; as merchantable wheat or timber.

merchantable ‎(comparative more merchantable, superlative most merchantable)

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.

fit for market

merchantable in Webster’s Revised Unabridged Dictionary, G. & C. Merriam, 1913