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Chapter 4 COMMERCIAL TERMS AND USAGES

Word Count: 498    |    Released on: 06/12/2017

of the same country, is usually referred to as commerce. The term business refers more particularly to our dealings at home-that is, in our own town or city. Sometimes this name is u

xchange of products; thus we refer to railroad traffic or lake traffic. Products, when considered articles of trade, are called merchandise, goods, wares. The term merchandise has the widest meani

sum in an account or bill-that is, the sum of money before any allowance or deductions are made-is the gross amount of the bill. The word net is derived from a Latin word meaning neat,

ading. The word house is very frequently used in the same sense. In mercantile usage house does not mean the building in which the business is conducted, but

ame sense we call Chicago a grain market, or New Orleans a cotton market. In its more restricted sense the name market signifies a building or place where meat or produce is bought and sold. We say that the market is flooded with a particular a

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