Nearby Words
law merchant
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law merchant
noun
the principles and rules, drawn chiefly from custom, determining the rights and obligations of commercial transactions; commercial law.
Origin:
1615–25
1615–25
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source
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Law merchant
is always a great word to know.
So is ort. Does it mean:
| a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes. |
| a scrap or morsel of food left at a meal. |
Collins
World English Dictionary
| law merchant | |
| —n | |
| mercantile law the body of rules and principles determining the rights and obligations of the parties to commercial transactions; commercial law | |
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Encyclopedia Britannica
Encyclopedia
law merchant
during the Middle Ages, the body of customary rules and principles relating to merchants and mercantile transactions and adopted by traders themselves for the purpose of regulating their dealings. Initially, it was administered for the most part in special quasi-judicial courts, such as those of the guilds in Italy and, later, regularly constituted piepoudre courts in England (see piepoudre court).
Learn more about law merchant with a free trial on Britannica.com.
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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