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Traffic
TrafficCommerce, trade, sale or exchange of merchandise, bills, money and the like. RELATED TERMS-------------------------------------- Commerce Latin commercium. In its simplest signification, an exchange of goods; but in the advancement of society, labor, transportation, itelligence, care and various mediums of exchange, become commodities and enter into commerce. Gibbens v. Ogden, 9 Wheat. 1, 229 (1824), Marshall, Chief Justice. The interchange or mutual change of goods, productions, or property of any kind, between nations or individuals. 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. Sale Contracts. An agreement by which one of the contracting parties, called the seller, gives a thing and passes the title to it, in exchange for a certain price in current money, to the other party, who is called the buyer or purchaser, who, on his part, agrees to pay such price. Merchandise By this term is understood all those things which merchants sell either wholesale or retail, as dry goods, hardware, groceries, drugs, &c. It is usually applied to personal chattels only, and to those which are not required for food or immediate support, but such as remain after having been used or which are used only by a slow consumption. Money Gold, silver, and some other less precious metals, in the progress of civilization and commerce, have become the common standards of value; in order to avoid the delay and inconvenience of regulating their weight and quality whenever passed, the governments of the civilized world have caused them to be manufactured in certain portions, and marked with a Stamp which attests their value; this is called money. SIMILAR TERMS-------------------------------------- Traffic ticket (jail) In the US penitentiary slang, a minor disciplinary offense. PREVIOUS AND NEXT TERMS-------------------------------------- Trademarks registry The Trademarks Registry, part of the Patent Office, administers the procedure for the registration of trademarks. It determines whether they qualify and maintains a register of trademarks which is open to public inspection. 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. Tradewinds A leading international shipping newspaper, published weekly by TradeWinds. Traditio brevis manus This term is used in the civil law to designate the delivery of a thing, by the mere consent of the parties; as, when Peter holds the property of Paul as bailee, and, afterwards, he buys it, it is not necessary that Paul should deliver the property to Peter, and he should re-deliver it to Paul, the mere consent of the parties transfers the title to Paul. Tradition Contracts, civil law. The act by which a thing is delivered by one or more persons to one or more others. Traffic Traitor Crimes. One guilty of treason. Traitorously Pleadings. This is a technical word, which is essential in an indictment for treason in order to charge the crime, and which cannot be supplied by any other word, or any kind of circumlocution. Having been well laid in the statement of the treason itself, it is not necessary to state every overt act to have been traitorously committed. Transaction Contracts, civil law. An agreement between two or more persons, who for the purpose of preventing or putting an end to a law-suit, adjust their differences by mutual consent, in the manner which they agree on; in Louisiana this contract must be reduced to writing. Transcript A copy of an original writing or deed. Transfer Contracts The act by which the owner of a thing delivers it to another person, with the intent of passing the rights which he has in it to the latter. We thank you for using the Juridical Dictionary to search for Traffic. If you have a better definition for Traffic than the one presented here, please let us know by making use of the suggest a term option. This definition of Traffic may be disputed by other professionals. Our attempt is to provide easy definitions on Traffic and any other medical topic for the public at large.
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