trade practice

noun

: a method of competition, operating policy (as the use of standards of size, shape, and quality of materials), or business procedure common to members of a line of business or industry that may be formally adopted sometimes as a rule under government auspices

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Dictionary Entries Near trade practice

Cite this Entry

“Trade practice.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/trade%20practice. Accessed 26 Dec. 2024.

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