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LSDefine

Simple English definitions for legal terms

marketability

Read a random definition: negligent hiring

A quick definition of marketability:

Marketability: The likelihood of being able to sell something, like a product or service, at a certain time, price, and under certain conditions.

A more thorough explanation:

Definition: Marketability refers to the ability of a product, service, or asset to be sold in a given market at a specific time, price, and terms. It is the likelihood of finding a buyer for a particular item or service.

Examples:

  • A house located in a desirable neighborhood with good schools and amenities has high marketability.
  • A new smartphone with advanced features and a competitive price has high marketability.
  • A rare antique with limited demand and a high price has low marketability.

The examples illustrate how marketability is affected by various factors such as location, features, demand, and price. A product or asset that meets the needs and preferences of the target market and is priced competitively is more likely to have high marketability. On the other hand, an item that is too expensive, lacks demand, or has limited appeal may have low marketability.

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Wait windy you get a stipend just for living in Alaska
have you ever seen a wendigo
how do you deal with the wendigo infestation
windyMagician
11:59
@texaslawhopefully: yep! it’s called the permanent fund dividend
Oh wow that’s very interesting. I’m guessing it’s fundable because so few people live there
windyMagician
12:01
no, it’s a sovereign wealth fund from the incredible amount of oil royalties Alaska has collected over the years
Right, that makes sense, but I assume if more people lived there it wouldn’t be sustainable for dividend payments to go out?
windyMagician
12:02
Alaska’s population used to be bigger and the dividend payment was also bigger. it all depends on the returns of the fund in a given year. It’s enshrined in the state constitution so it would be incredibly difficult to get rid of it even if it was $1
windyMagician
12:03
also, postsecondary education is a qualifying absence so i can still get my dividend even while in law school
Ahh I see. And so it applies to any resident even ones who are out of state at the moment?
windyMagician
12:05
you must maintain ties to the state, come back for at least 72 hours a year, have intent to return to Alaska, and not establish residency in any other state
windyMagician
12:05
and be on a qualifying absence. military and education is okay, being out of the state working is not
babycat
12:05
so if you went to a state school you wouldn’t establish residency there to be in state?
BulbasaurNoLikeCardio
12:06
@KnowledgeableRitzyWasp: if FO taught me anything you mag dump
babycat
12:06
I was wondering about that too bc I would prefer to maintain my current residency
windyMagician
12:08
@babycat: correct. accepting in state tuition in another state is actually a really common and controversial reason that ppl get denied dividends
BulbasaurNoLikeCardio
12:08
Being military I moved ALOT and would establish residency in the states that had no income tax or other tax benefits. I would imagine switching to instate tuition would save significant money
info-man
12:08
i maintained my FL residency but the only advantage is that i get reduced price theme park tickets
I think it depends. For a lot of the top schools, the diff between in state and out of state tuition is just a few grand
babycat
12:11
I have a non-financial interest in maintaining residency but might consider it if it’s a significant amount of money
LyricalLikeDragon
12:12
For a lot of schools I've seen it can be like 10k/year
LyricalLikeDragon
12:12
For me that's p significant
12:12
in the event drumpf does indeed 'drill baby drill' I would wager Windy will get a better dividend years following this one
BulbasaurNoLikeCardio
12:12
$30k in debt with interest is a fat chunk of change
@LyricalLikeDragon: oh yeah, that’s fair. I just meant for schools like UVA, Michigan, etc it’s literally like a 3k difference which considering it’d take a year to establish residency, doesn’t seem worth it
BulbasaurNoLikeCardio
12:15
I honestly feel lucky to have my GI Bill, if I could I would adopt all of you so you can get a monthly stipend while in school too
Yeah, that is a pretty sweet fucking deal
BulbasaurNoLikeCardio
12:20
Because my Vet status with the VA, anyone I adopt before they turn 18 and becomes a dependent gets a 36 month GI bill to burns so my daughter will be getting pretty set up too
12:20
The GI bill stipend would make living in NYC suck a little less
BulbasaurNoLikeCardio
12:22
That BAH has got to be high probably like $3kish a month
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