Illicit Trade
/ɪˈlɪsɪt treɪd/
Definitions
- (n.) The commercial exchange of goods or services that is forbidden by law, often involving smuggling, counterfeit products, or trafficking in prohibited items.
Authorities cracked down on illicit trade to curb the spread of counterfeit medicines.
Forms
- illicit trade
Related terms
See also
Commentary
Illicit trade is a broad term encompassing various unlawful commercial activities; legal definitions may vary depending on jurisdiction and subject matter, so precision in context is important.
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.