merchantability

noun
  1. the quality or condition of being fit for sale and meeting the ordinary standards of the market; suitability for commercial trade.
  2. Usage: commonly used in legal and commercial contexts; often appears in warranty law and sales agreements
  3. in law, the implied warranty that goods sold are of acceptable quality and fit for ordinary purposes.
  4. Usage: legal term; relates to the Uniform Commercial Code (UCC) and consumer protection

Examples