law merchant

noun
  1. the principles and rules, drawn chiefly from custom, determining the rights and obligations of commercial transactions; commercial law.

Origin of law merchant

First recorded in 1615–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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Historical Examples of law merchant


British Dictionary definitions for law merchant

law merchant

noun
  1. mercantile law the body of rules and principles determining the rights and obligations of the parties to commercial transactions; commercial law
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