1) n. a business or occupation for profit, particularly in retail or wholesale sales or requiring special mechanical skill. 2) v. to exchange one thing for another, which includes money for goods, goods for goods, and favors for goods or money. (See: trade fixture, trade secret, trademark)
TRADE. In its most extensive signification this word includes all sorts of
dealings by way of Bale or exchange. In a more limited sense it signifies
the dealings in a particular business, as the India trade; by trade is also
understood the business of a particular mechanic, hence boys are said to be
put apprentices to learn a trade, as the trade of a carpenter, shoemaker,
and the like. Bac. Ab. Master and Servant, D 1. Trade differs from art.
(q.v.)
2. It is the policy of the law to encourage trade, and therefore all
contracts which restrain the exercise of a man's talents in trade are
detrimental to the commonwealth, and therefore void; though he may bind
himself not to exercise a trade in a particular place, for, in this last
case, as he may pursue it in another place, the commonwealth has the benefit
of it. 8 Mass. 223; 9 Mass. 522. Vide Ware R. 257, 260 Com. Dig. h.t.; Vin.
Ab. h.t.