trade

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trade

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)

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

trade

operations of a commercial character involving the provision to customers of goods or services for reward; an adventure in the nature of a trade connotes a single such operation.
Collins Dictionary of Law © W.J. Stewart, 2006

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
She added: "Wealthier families are trading down but the poorest families simply cannot, and spend 17 per cent more on food than four years ago or are forced to turn to food banks."
For example, more affluent consumers continue to defer purchases of discretionary items, but are not necessarily trading down in terms of price or prestige when they do buy.
"Some consumers who aren't trading down are trying to create a trade down fit, by buying less frequently, and trying to save money by making purchases last longer and not going back to the store as often," said Brager.
"Although trading down activity dominated the recession discussion, especially among wine consumers, a large segment of consumers stood pat in their price selections," said Brager.
In Abu Dhabi, the market was trading down by 1.33 percent at 2,434.24 points, with the construction and real estate sectors leading the drop by 3.06 percent and 2.94 percent respectively.
Even though guests may not be trading down, one strategy we're employing is a careful review of the brands we're using, sometimes switching from an ultra-premium to a premium brand.
"People are trading down in all aspects of their lives, including fashion, entertainment and beauty," Milani cofounder and chief executive officer Ralph Bijou says.
Shares of the company (NYSE: GHS) are trading down 24 cents to $6.02.
But don't think for a minute that "economizing" means that people what things that are "cheap." Silverstein puts it: "When trading down, consumers still rely on their value calculus--analyzing cost, worth, brand value, design, use, and expected longevity." Even low-cost producers must have distinctive features and functions or the consumer will go elsewhere.
"There's a lot of trading down going on as people are price sensitive," he says.
Figures for the first part of the financial year apparently show sales of ladies' clothing down 15 per cent - and trading down a disastrous 23 per cent.
"Empty nesters need not pay taxes for trading down to a smaller and less costly home," Sacarny explained.