trader

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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 periodicals archive ?
But the decision has proved divisive among market traders.
It would help both markets immensely the next time they appoint a market manager to make sure the person appointed is an ex-market trader as he would then understand what market traders require instead of appointing someone who has no market trader experience.
On Friday, black market traders told Sudan Tribune that the new incentive policy did not affect the market despite increasing the official exchange rate to 15.
Market Traders Institute is located at 400 Colonial Center Parkway, Suite 350, Lake Mary, FL 32746 and has provided a prestigious education since 1994.
Point Carbon's Power Market Trader series is currently the preferred tool for traders in Europe, and Point Carbon has built its new North American PJM product off of the company's successful history of PMT products for Nord Pool, EEX and APX.
Bob Sidhu, chairman of Nuneaton market traders, thinks that the success of the market is partly reliant on the success of the town centre itself.
But despite the recent changes to the Quayside Market, Michael, who is treasurer of the National Market Traders Federation, is the first to admit that Newcastle City Council are actively trying to revitalise markets in the district with a special emphasis on the Grainger Market.
GREAT PLACE TO START Market trader Gordon Massingham with Michael Smith from Be Enterprising
Fellow market trader Julie Morgan told the Echo: "My parents were market traders and I can remember when the town was bustling.
Market Traders Institute is located at 400 Colonial Center Parkway Suite 350 Lake Mary, FL 32746 and has provided a prestigious education since 1994.
Mal Edwards, who has been a market trader all his life at markets throughout Durham, has seen the changing trends throughout his 40 years in the business and is working with the council to come up with ideas on how to breathe new life into the trade.
One regular market trader told me: 'We have been really cross and had to do something about it.