law merchant

/lɔ ˌmʌrtʃənt/
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Other forms: law merchants

Definitions of law merchant
  1. noun
    the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence
    synonyms: commercial law, mercantile law
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    type of:
    jurisprudence, law
    the collection of rules imposed by authority
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