Publicly Traded and Marketable Law and Legal Definition

According to 13 CFR 107.50 [Title 13 Business Credit and Assistance; Chapter I Small Business Administration; Part 107 Small Business Investment Companies], Publicly Traded and Marketable means "securities that are salable without restriction or that are salable within 12 months pursuant to Rule 144 of the Securities Act of 1933, as amended, by the holder thereof (or in the case of an In-kind Distribution by the distributee thereof), and are of a class which is traded on a regulated stock exchange, or is listed in the Automated Quotation System of the National Association of Securities Dealers (NASDAQ), or has, at a minimum, at least two market makers as defined in the relevant sections of the Securities Exchange Act of 1934, as amended, and in all cases the quantity of which can be sold over a reasonable period of time without having an adverse impact upon the price of the stock."