Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Marketability
Salability; the probability of selling property, goods, securities, or services at specified times, prices, and terms.
marketability test
Mining law. The principle that, for someone to obtain a patent on a mining claim on federal land, there must be a showing that a reasonably prudent person could extract and market the claimed mineral at a profit, and that at the time of discovery, a large enough market for the mineral existed to attract the efforts of a reasonably prudent person.