trader

(redirected from Traders)
Also found in: Dictionary, Thesaurus, Financial.
Related to Traders: Stock traders

trader

in U. S. income tax law, a person who deals in property as a business, making several purchases and sales within a year as distinguished from a few sales of assets held for investment. Thus a trader will lose the right to defer capital gains by "exchanging" for another property. The exact details require consultation with a C.P.A. or attorney.

See: broker, dealer, merchant, speculator, supplier, vendor

TRADER. One who makes it his business to buy merchandise or goods and chattels, and to sell the same for the purpose of making a profit. The quantum of dealing is immaterial, when an intention to deal generally exists. 3 Stark. 56; 2 C. & P. 135; 1 T. R. 572.
     2. Questions as to who is a trader most frequently arise under the bankrupt laws, and the most difficult among them are those cases where the party follows a business which is not that of buying and selling principally, but in which he is occasionally engaged in purchases and sales.
     3. To show who is a trader will be best illustrated by a few examples: A farmer who in addition to his usual business, occasionally buys a horse not calculated for his usual occupation, and sells him again to make a profit, and who in the course of two years had so bought and sold five or six horses, two of which had been sold after be bad bought them for the sake of a guinea profit, was held to be a trader. 1 T. R. 537, n.; 1 Price, 20. Another firmer who bought a large quantity of potatoes, not to be used on his farm, but merely to sell again for a profit, was also declared to be a trader. 1 Str. 513. See 7 Taunt. 409; 2 N. R. 78; 11 East, 274. A butcher who kills only such cattle as be has reared himself is not a trader, but if he buy them and kill and sell them with a view to profit, he is a trader. 4 Burr. 21, 47. See 2 Rose, 38; 3 Camp. 233 Cooke, B. L. 48, 73; 2 Wils. 169; 1 Atk. 128; Cowp.745. A brickmaker who follows the business, for the purpose of enjoying the profits of his real estate merely, is not a trader; but when he buys the earth by the load or otherwise, and manufactures it into bricks, and sells them with a view to profit, he is a trader. Cook, B. L. 52, 63; 7 East, 442; 3 C. & P. 500; Mood. & M. 263 2 Rose, 422; 2 Glyn & J. 183; 1 Bro. C. C. 173. For further examples, the reader is referred to 4 M. & R. 486; 9 B. & C. 577; 1 T. R. 34; 1 Rose, 316; 2 Taunt. 178; 2 Marsh. 236; 3 M. & Scott. 761; 10 Bing. 292 Peake, 76; 1 Vent. 270; 3 Brod. & B. 2 6 Moore, 56.

References in classic literature ?
Shelby, and the trader bowed himself out of the apartment.
Now, it had so happened that, in approaching the door, Eliza had caught enough of the conversation to know that a trader was making offers to her master for somebody.
Still she thought she heard the trader make an offer for her boy;--could she be mistaken?
missis, missis," said Eliza, "there's been a trader talking with master in the parlor
The heaviest load on his mind, after his conversation with the trader, lay in the foreseen necessity of breaking to his wife the arrangement contemplated,--meeting the importunities and opposition which he knew he should have reason to encounter.
Not only is it important for traders to identify opportune times for entering and exiting the market, but understanding how forex timing works can also provide traders with useful frameworks within which to build a profitable trading strategy.
POONCH -- The Fourth Traders meet of this year and first after suspension of trade due to volatile situation between armies of both sides at Krishna Ghati sector is scheduled to be organised on July 18 next at Chakkan-Da-Bagh here.
Oster Communications (Cedar Falls, IA) has begun the publication of Trader's Source, a new magazine for traders in the financial markets.
And on the day the space shuttle Challenger exploded in 1986, Wall Street traders correctly guessed within minutes of first hearing the news which of the four main suppliers had provided the faulty part, whereas a blue-ribbon panel of experts took months to come to the same conclusion.
eSignal, a division of Interactive Data Corporation (NYSE:IDC) and a leading provider of streaming, real-time financial market data, news, analytics and decision support tools to professional and individual traders, has announced the immediate availability of eSignal 7.
475 to allow active traders in securities to elect the mark-to-market (MTM) rules of accounting.
Taxpayers who buy and sell securities are classified as dealers, traders or investors.