Illegal Trade
/ɪˈliːɡəl treɪd/
Definitions
- (n.) The exchange, buying, or selling of goods or services prohibited by law, often involving contraband, smuggling, or prohibited substances.
The authorities cracked down on illegal trade in endangered animal parts.
- (n.) Commercial transactions violating customs or trade regulations, such as embargoes, sanctions, or tariffs.
The company was fined for engaging in illegal trade with sanctioned countries.
Forms
- illegal trade
- illegal trades
Related terms
See also
Commentary
Illegal trade encompasses various unlawful commercial activities and often requires precise statutory reference to identify applicable penalties and enforcement mechanisms.
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.