commercial law

A buyer is a natural person or entity that purchases goods, services, or other property from a seller.

[Last reviewed in July of 2025 by the Wex Definitions Team]

Bylaws refer to the regulations and rules established by a company or other organization for internal management.

Call generally means to request or to use an option. Call has a few different meanings that arise in the legal context:

Cannabidiol (CBD) is a naturally occurring compound found in cannabis plants. It is one of the more widely studied cannabinoids, along with tetrahydrocannabinol (THC).

• MARIJUANA

Cannabis is statutorily synonymous to marijuana. Cannabis is broadly categorized into two principal subspecies: cannabis sativa and cannabis indica. Cannabis plants have trichomes, which are hair-like structures on the surface of flowers and leaves; these trichomes contain cannabinoids such as cannabidiol (CBD) and tetrahydrocannabinol (THC).

As opposed to an ordinary (or operating expense), which covers the day-to-day costs necessary to keep a business running, a capitalized expenditure is an expense that is made to 1) acquire an asset (whether tangible or intangible) that has a useful life longer than a year or 2) improve the useful life of an existing

Capitalized interest refers to accrued interest on an asset or loan that is not immediately reported on the company’s income statement as an expense like other interests.

Carrying on business is to perform activities for a business organization such as a partnership or corporation with the purpose of making a profit. The concept is used in a few different ways such as:

A cartel is a group of independent corporations or other entities that join together to fix prices, rig bids, allocate markets, or conduct other similar

A certification mark is used in commerce by a person other than its owner to identify goods or services as being of a particular type. When a certification mark is used on a product, it is to indicate the existence of an accepted product standard or regulation and a claim that the manufacturer has verified compliance with those standards or regulations.

• Trademark Law; trademark; intellectual property