AskDefine | Define merchant

Dictionary Definition

merchant n : a businessperson engaged in retail trade [syn: merchandiser]

User Contributed Dictionary

English

Noun

  1. A person who traffics in commodities for profit.
  2. The owner or operator of a retail business.
person who traffics in commodities

Extensive Definition

For a list of people whose family name is or was Merchant, see Merchant (surname).
Merchants function as professionals who deal with trade, dealing in commodities that they do not produce themselves, in order to produce profit.
Merchants can be of two types:
  1. A wholesale merchant operates in the chain between producer and retail merchant. Some wholesale merchants only organize the movement of goods rather than move the goods themselves.
  2. A retail merchant or retailer, sells commodities to consumers (including businesses). A shop owner is a retail merchant.
A merchant class characterizes many pre-modern societies. Its status can range from high (even achieving titles like that of merchant prince or nabob) to low, such as in Chinese culture, due to the soiling capabilities of profiting from "mere" trade, rather than from the labor of others reflected in agricultural produce, craftsmanship, and tribute.
In the US, "merchant" is defined (under the Uniform Commercial Code) as any person while engaged in a business or profession or a seller who deals regularly in the type of goods sold. Under the common law and the Uniform Commercial Code in the United States, merchants are held to a higher standard in the selling of products than those who are not engaged in the sale of goods as a profession. For example, when a merchant sells something, he or she is deemed to give an implied warranty of merchantability, guaranteeing that the product is fit to be sold, even if there is nothing in writing to this effect. The UCC also contains a "merchant's confirmation" exception to the Statute of Frauds.
merchant in German: Kaufmann (HGB)
merchant in Spanish: Comerciante
merchant in Esperanto: Komercisto
merchant in French: Marchand (commerce)
merchant in Indonesian: Pedagang
merchant in Italian: Mercante
merchant in Hebrew: סוחר
merchant in Latvian: Tirgotājs
merchant in Dutch: Koopman (beroep)
merchant in Japanese: 商人
merchant in Polish: Kupiec
merchant in Russian: Продавец
merchant in Simple English: Merchant
merchant in Slovenian: Trgovec
merchant in Swedish: Köpman
merchant in Turkish: Tüccar

Synonyms, Antonyms and Related Words

Privacy Policy, About Us, Terms and Conditions, Contact Us
Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License, Version 1.2
Material from Wikipedia, Wiktionary, Dict
Valid HTML 4.01 Strict, Valid CSS Level 2.1