commercially reasonable

adjective

Legal Definition of commercially reasonable

: fair, done in good faith, and corresponding to commonly accepted commercial practices after default a secured party may sell…the collateral in its present condition or following any commercially reasonable preparationUniform Commercial Code

Learn More about commercially reasonable

Cite this Entry

“Commercially reasonable.” The Merriam-Webster.com Legal Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/legal/commercially%20reasonable. Accessed 24 January 2020.

Comments on commercially reasonable

What made you want to look up commercially reasonable? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

a feeling of well-being or elation

Get Word of the Day daily email!

Test Your Vocabulary

Intact Latin Quiz

  • roman tablet
  • What did focus mean in Latin?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Syn City

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!