Commercial Transactions
/kəˈmɜːrʃəl trænˈzækʃənz/
Definitions
- (n. pl.) Transactions involving the sale, purchase, or exchange of goods and services in commerce.
Commercial transactions form the basis of business operations in capitalist economies.
Forms
- commercial transactions
- commercial transaction
Related terms
See also
Commentary
The term typically refers to the aggregate of dealings governed by commercial law; it is important to distinguish between the singular 'commercial transaction' and the plural, which denotes multiple instances or the category in general.
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.