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law merchant

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

Examples from the Web for law merchant

Historical Examples

  • The law-merchant would experience no difficulty in adjusting a matter of this sort.

    The Works of Robert G. Ingersoll, Vol. 10 (of 12)

    Robert G. Ingersoll

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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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