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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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
This is part of the outcome of an interactive meeting between Governor Umahi, the traders, selected elders and other stakeholders on Monday at the Banquet Hall, Governor's Lodge, Abakaliki.
ISLAMABAD -- The Federal Board of Revenue (FBR) and traders' representatives met on Friday in search of an agreement on implementation of a fixed tax regime for traders, as well as continuing discussions on the newly imposed requirement for traders to retain a CNIC copy of all parties with whom they transact.
ET, a trader bought 1,000 First Solar put options with a $63 strike price at the ask price of 53.1 cents.
MARDAN -- Markaze Tanzeem-e-Tajiraan Zahir Shah group staged protest rally against the Assistant Commissioner (AC) for his alleged inappropriate behaviuor with the traders and allegedly teasing the traders.
A delegation of traders in this regard called on PTI's Central Additional Secretary General Dr.
The process for the allocation of stores to traders and occupation of same at the newly-constructed Kejetia market has begun for trading activities to commence in earnest by the close of the month.
We cannot do business in peace because of unnecessary delays and harassment," said another trader, Salome Wambua.Taveta Sub-County Police Commander Lawrence Marwa moved in to calm the protesting traders.
The COL Trader Summit is meant for active investors, so that aside from knowing where the market is headed, they know how to create and execute profitable trading strategies,' said COL Financial president and CEO Dino Bate when asked about the objective of the summit.
Summary: Says traders to get Rs5m loan without collateral, credit card, pension if NDA re-elected
Through a trader's single account, one can trade in either market or access one's demo account.
After consulting with the trader community, Haleem Adil went to the Malir Court for the bail of the booked traders.
Say Kem San, another clam farmer and trader, said on Monday that he too buys clams from local fishermen to support their livelihood and prevent Vietnamese traders from buying them.