law merchant


noun

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

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Origin of law merchant

First recorded in1615–25

Words nearby law merchant

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

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British Dictionary definitions for law merchant

law merchant

noun

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 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012