n-mawr-ter] 
| 1. | pertaining to conventional stores, businesses, etc., having physical buildings and facilities, as opposed to Internet or remote services. |
| 2. | made of bricks and mortar. |
Brick And Mortar
A traditional "street-side" business that deals with its customers face to face in an office or store that the business owns or rents. Web-based businesses usually have lower costs and greater flexibility than brick-and-mortar operations.
Investopedia Commentary
The local grocery store and the corner bank are examples of "brick and mortar" companies.
Related Links
An Exploration of the Development of the Market
See also: Commerce, Electronic Commerce - eCommerce, Old Economy