ordinary course of business

n. conduct of business within normal commercial customs and usages.

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References in classic literature ?

"The other is that it has been engineered by Moriarty in the ordinary course of business. Was there any robbery?"

Unsaleable in the ordinary course of business on account of its noble proportions, it had been ceded to the Professor for a few pence by a marine dealer in the east of London.

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"Oh, we should have that in the ordinary course of business. The legal formalities would take them some little time.

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Now, if anything were to happen to me in the ordinary course of business, by the time my debts are paid there would be nothing left to support my son Harry whilst he was getting in the way of earning a living, whereas now he will be set up for five years.

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Ralph would have walked into any poverty-stricken debtor's house, and pointed him out to a bailiff, though in attendance upon a young child's death-bed, without the smallest concern, because it would have been a matter quite in the ordinary course of business, and the man would have been an offender against his only code of morality.

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Blue Bell asserted a full defense to the preference litigation based on the ordinary course of business and subsequent new value defenses.

Eleventh Circuit Approves Paid New Value Defense to Preference Liability

As the Tax Court explained, a transfer of property that occurs "in the ordinary course of business" is considered to have been made "for an adequate and full consideration in money or money's worth." To be in the ordinary course of business, a transfer must satisfy the three requirements specified in Regs.

Source of consideration for transfer not relevant in gift analysis

Bankruptcy courts generally allow pre-bankruptcy compensation and benefit plan practices (as in effect in the ordinary course of business pre--bankruptcy) to continue as long as the company continues as a going concern after filing for bankruptcy protection.

Advice for directors and officers of distressed corporations: Part 3

Holding: The appellate court held that the Tax Court improperly treated the property sold by Long as the land itself rather than his right to purchase it and that the key question was whether Long intended to sell this right to customers in the ordinary course of business. The court found .no evidence that this was the taxpayer's intent.

Right to purchase land is a capital asset: a taxpayer's sale of his position in a lawsuit resulted in capital gain rather than ordinary income

31, 2014), which confronted the relationship between "ordinary course of business" covenants, "material adverse effect" provisions, and labor unrest at facilities with ties to the transaction agreement.

The interplay between "ordinary course of business" and "MAE" provisions

Facebook had argued that the alleged scanning of its users' messages was covered by an exception under the federal Electronic Communications Privacy Act for interceptions by service providers occurring in the ordinary course of business.