MERCHANTABLE Meaning and
Definition
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The term "merchantable" refers to a quality or characteristic of a product that is suitable for sale or trade in the marketplace. It is often used as an adjective to describe goods or products that meet certain standards of functionality, appearance, and overall condition, making them fit for sale to consumers or other businesses. A merchantable product is one that is marketable, meaning it can be exchanged for monetary value without any major defects or flaws that would significantly reduce its value or appeal.
In order for a product to be considered merchantable, it typically needs to meet several criteria. Firstly, it should be in a condition that is consistent with its intended purpose and usage. This means that it should be free from major damages, defects, or malfunctions that would render it unusable or greatly diminish its value. Additionally, a merchantable item should be of a quality that is generally acceptable in the marketplace, allowing it to be sold without any significant limitations or restrictions.
The concept of merchantability is particularly relevant in the context of consumer protection and commercial law, as it provides a standard against which products can be evaluated and assessed for their suitability for sale. It helps establish consumer rights by ensuring that goods are of reasonable quality and will perform as expected. For businesses, having merchantable products is essential for maintaining customer satisfaction and building a trusted reputation in the market.
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Fit for market; such as may be bought and sold in market at current prices.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for MERCHANTABLE
Etymology of MERCHANTABLE
The word "merchantable" originated from the combination of two words: "merchant" and "-able".
1. Merchant: It comes from the Middle English word "merchaunt", which derives from the Old French term "marcheant". This Old French word was derived from the Latin word "mercātor", meaning "trader" or "merchant". The Latin term itself stemmed from the verb "mercor", which means "to trade" or "to buy".
2. -able: This is a suffix in English that is commonly used to form adjectives from nouns or verbs, indicating the ability or suitability of something. In the case of "merchantable", "-able" is added to "merchant" to form an adjective meaning "fit for trade" or "suitable for sale".
Similar spelling words for MERCHANTABLE
- mercantile law,
- mercantile,
- merchandising,
- merchant bank,
- merchantman,
- merchandiser,
- merchant marine,
- merchandise,
- marchantiales,
- merchant ship,
- merchantability.
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