usage of trade Hear it!

usage of trade Law Definition

n

A trade practice that is so common in a particular region or vocation that an expectation of its being followed in a given transaction is justified; a usual and customary practice or set of practices connected with a particular type of business or trade; for example, in mortgage loan transactions it is customary for the borrower to pay for an appraisal of the value of the property.

Browse dictionary entries near usage of trade

  1. ‹ usage
  2. ‹ USAF
  3. ‹ USAC
  4. ‹ usable
  5. ‹ USA Patriot Act
  6. ‹ USA
  7. ‹ US TDMA
  8. ‹ US-CERT
  9. ‹ us
  10. ‹ urushiol
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