Trade in United States

Trade Definition

The original meaning of the word “trade” was “track” or “course,” hence “trade-wind.” In modern use it is employed in three different senses: (1) An occupation; a handicraft by which one earns a livelihood; mechanical employment in contradistinction to agriculture and the liberal arts. Ann. Cas. 1916A 1197; 86 Tex. 250; 22 L. B. A. 490; (2) Sale or exchange of merchandise or other property; a mercantile business, as opposed to the liberal arts or professions, 230 111. 236; and (3) a broader and more extended meaning synonymous with “commerce.” 142 Ga. 267; Ann. Cas. 1916A 1197.

Trade in Foreign Legal Encyclopedias

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Legal Issue for Attorneys

The original meaning of the word “trade” was “track” or “course,” hence “trade-wind.” In modern use it is employed in three different senses: (1) An occupation; a handicraft by which one earns a livelihood; mechanical employment in contradistinction to agriculture and the liberal arts. Ann. Cas. 1916A 1197; 86 Tex. 250; 22 L. B. A. 490; (2) Sale or exchange of merchandise or other property; a mercantile business, as opposed to the liberal arts or professions, 230 111. 236; and (3) a broader and more extended meaning synonymous with “commerce.” 142 Ga. 267; Ann. Cas. 1916A 1197.

This definition of Trade is based on The Cyclopedic Law Dictionary. This entry needs to be proofread.

Intent

Find more information on Intent in relation to the Export Administration System in the legal Encyclopedias.

Trade and the International Trade Law

Concept of Trade

In the U.S., in the context of Foreign Affairs and National Defense, Trade has the following meaning: Exchange of goods. In the international realm, trade can occur between private entities, but usually refers to policies and transactions sanctioned and regulated by national governments. (Source of this definition of Trade : University of Texas)

Trade

Finding the law: Trade in the U.S. Code

A collection of general and permanent laws relating to trade, passed by the United States Congress, are organized by subject matter arrangements in the United States Code (U.S.C.; this label examines trade topics), to make them easy to use (usually, organized by legal areas into Titles, Chapters and Sections). The platform provides introductory material to the U.S. Code, and cross references to case law. View the U.S. Code’s table of contents here.

Resources

See Also

• Foreign Affairs
• National Defense

Resources

See Also

Further Reading

• Trade entry in the Dictionary of International Trade Law (Raj Bhala)
• Trade entry in the Gale Encyclopedia of U.S. Economic History (Thomas Carson; Mary Bonk)
• Trade entry in the Dictionary of International Trade
• Trade entry in the Dictionary of International Trade: Handbook of the Global Trade Community (Edward G. Hinkelman)

Prohibited actions

Find more information on Prohibited actions in relation to the Export Administration System in the legal Encyclopedias.

European Free Trade Association (efta) in the International Business Landscape

Definition of European Free Trade Association (efta) in the context of U.S. international business and public trade policy: Second major trading bloc in Europe that works closely with the EU to promote intra-European trade and whose current members are Iceland, Liechtenstein, Norway, and Switzerland; has shrunk in size over time as many of its members have joined the EU.

Trade in the International Business Landscape

Definition of Trade in the context of U.S. international business and public trade policy: Voluntary exchange of goods, services, or assets between one person or organization and another.