law merchant(redirected from Lex Mercatoria)
Also found in: Thesaurus, Legal, Encyclopedia, Wikipedia.
n. pl. laws merchant
A body of law consisting of the recognized and customary commercial principles and practices of merchants rather than formal statutes and regulations.
(Professions) mercantile law the body of rules and principles determining the rights and obligations of the parties to commercial transactions; commercial law
the customary principles and rules determining the rights and obligations of commercial transactions.
Switch to new thesaurus
|Noun||1.||law merchant - the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence|