Cessation of Trade
/ˌsɛsˈeɪʃən əv treɪd/
Definitions
- (n.) The permanent or temporary discontinuation of business activities by a trader or company.
The cessation of trade prompted creditors to initiate insolvency proceedings.
- (n.) A formal condition in contracts or statutes signifying the end of trading rights or licenses.
The contract included a clause for automatic cessation of trade upon default.
Forms
- cessation of trade
- cessations of trade
Related terms
See also
Commentary
Often appears in insolvency and commercial law contexts; precise definition may vary by jurisdiction and purpose (e.g., statutory vs contractual).
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.