marketable

marketable, marketability

An attribute that may or may not be associated with a security. A security is considered to be marketable if it is readily salable to buyers in an active secondary market. As defined by the Office of the Comptroller of the Currency ( OCC) (12 CFR 1), marketable means that the security:

(1) Is registered under the Securities Act of 1933,15 USC 77a et seq.;

(2) Is a municipal revenue bond exempt from registration under the Securities Act of 1933, 15 USC 77c( a)(2);

(3) Is offered and sold pursuant to Securities and Exchange Commission Rule 144A,17 CFR 230.144, and rated investment grade or is the credit equivalent of investment grade; or

(4) Can be sold with reasonable promptness at a price that corresponds reasonably to its fair value. American Banker Glossary

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marketable mar‧ket‧a‧ble [ˈmɑːktəbl ǁ ˈmɑːr-] adjective

marketable goods, services, skills etc can be sold easily because people and organizations want them:

• It's a long, uncertain path from the laboratory to marketable drugs.

• Because he has no higher education or marketable work skills, he is limited to unskilled jobs.

— marketability noun [uncountable] :

• The reason for the discount is the lack of marketability of the shares.

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marketable UK US /ˈmɑːkɪtəbl/ adjective

► MARKETING marketable products are easy to sell because a lot of people want them: marketable commodities/goods/products »

The grants are available for inventors who want to turn their ideas into marketable products.

highly/more/most marketable »

Some fear that putting the more marketable stores up for sale would only compound the group's difficulties.

► HR marketable skills are useful ones that make an employer want to give you a job: »

For those with marketable skills, the jobs are still there.

highly/more/most marketable »

His leadership skills are probably his most marketable asset.

► MARKETING ready and available for sale: »

The company says a marketable product is at least three years down the road.

► STOCK MARKET used to describe shares, etc. that can be bought or sold by investors: »

marketable bonds/equities/investments

→ See also MARKETABLE SECURITY(Cf. ↑marketable security)