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

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Dictionary Entries Near commercially reasonable

commercial letter of credit

commercially reasonable

commercial paper

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Cite this Entry

“Commercially reasonable.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/commercially%20reasonable. Accessed 9 Aug. 2022.

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