commercial law



The purchase of a financial instrument or asset in the hopes of it producing income for the purchaser through profit or generating more business in the future.

See alsoProfitInstrument

Investor Protection Guide: Systematic Investment Plan (SIP)

Systematic Investment Plans (SIP) are regulated as Periodic Investment Plans under the federal securities laws. The primary objective of a SIP is to enable investors to clearly define an investment goal and then to help them reach it. While the...

irreparable harm

Irreparable harm is harm that would not be adequately compensated by monetary damages or an award of damages that cannot be provided with adequate compensation months later. It is a requirement for the issuance of preliminary...


A person who purchases and resells goods, usually in large quantities; a middleman. For example, someone who purchases gasoline in tank-car lots from a refiner and owns storage or bulk plants from which he delivers gasoline in...

Mercantile Law

A term interchangeable with commercial law, used to refer to the law governing the transactions and disputes of individuals and businesses that engage in commerce. Such commercial activities include the sale and distribution of goods, trade,...

Money Laundering

money laundering: an overview

Money laundering refers to a financial transaction scheme that aims to conceal the identity, source, and destination of illicitly-obtained money. The money laundering process can be broken down into three stages. First, the...

ordinary course of business

Definition from Nolo’s Plain-English Law DictionaryConduct of business within normal commercial customs and practices. This term is used to determine the legitimacy of certain transactions.

Definition provided by Nolo’s Plain-English Law Dictionary.

real estate investment trust (REIT)

Definition from Nolo’s Plain-English Law DictionaryA business that invests in real estate. Investors buy shares in a REIT to invest in real estate in much the same way as they might buy shares in a mutual fund to invest in stocks. A REIT is set up to...


Definition from Nolo’s Plain-English Law DictionaryThe right to demand payment to the writer of a check or bill of exchange.

Definition provided by Nolo’s Plain-English Law Dictionary.

Reliance damages

Damages awarded for losses suffered in reasonable reliance on a promise. Reliance damages are calculated by asking what it would take to restore the injured party to the economic position occupied before the party acted in reasonable reliance on the...