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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 ?
THE European Central Bank''s unprecedented 489bn-euros worth of three-year funds loaned to banks last week should be successful in easing money market stresses, a Reuters poll of money market traders showed.
The Universal Market Trader on the other hand focuses the investor on the profitable art of systematically trading across markets.
Often referred to as MTI, Market Traders Institute Inc.
Florist Jason Tompkins and market traders Tony Tompkins (no relation) and David Haddow have issued a High Court writ calling for Mark East to pay them pounds 1.
Fellow market trader Julie Morgan told the Echo: "My parents were market traders and I can remember when the town was bustling.
Geraud Markets has teamed up with the National Market Traders Federation (NMTF) to encourage aspiring entrepreneurs in Liverpool to start up a business.
Meanwhile, market traders are being offered alternative sites in the Old Market Square and the Bridge, as well as a rent reduction during the works.
The Sunderland market trader was found guilty last week of two breaches of the 1985 Weights and Measures Act - but messages of support have been flooding in, his campaign manager said.
This web-based platform is a continuation of the company's Power Market Trader series, specifically targeting the PJM ISO market from real-time through the 15 day weather window.
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.
Gordon Massingham, who originally worked as a market trader almost 20 years ago, has returned to the marketplace with the help of Be Enterprising.
MORE than 100 market traders marched through Carmarthen to present a petition of 35,000 names protesting at proposals to move the marketplace from its historic town centre site only to be told there were no such plans.