law merchant

law merchant

n. pl. laws merchant

A body of principles and regulations applied to commercial transactions and deriving from the established customs of merchants and traders rather than the jurisprudence of a particular nation or state.

Thesaurus

Noun

1.

law merchant - the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence commercial law, mercantile law law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order" law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"