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Law merchant

noun

Definitions

Noun
  1. 1
    A body of commercial law. countable, historical, uncountable

    "Yes Madam, I would have Law Merchant for that too—and in all cases of slander currency, whenever the Drawer of the Lie was not to be found, the injured Party should have a right to come on any of the indorsers."

  2. 2
    the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence wordnet

Etymology

Calque of Latin lex mercatoria

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