usage of trade

usage of trade
usage of trade: a practice or method of dealing that is regularly observed in a place, vocation, or trade and that one justifiably expects to be followed by another party to a commercial transaction compare course of dealing, course of performance
◇ Evidence of a usage of trade may be admissible as supplementing the express terms of a disputed contract when it does not contradict them.

Merriam-Webster’s Dictionary of Law. . 1996.

usage of trade
n. A trade practice that is so common in a particular region or vocation that an expectation of its being followed in a given transaction is justified; a usual and customary practice or set of practices connected with a particular type of business or trade; for example, in mortgage loan transactions it is customary for the borrower to pay for an appraisal of the value of the property.

Webster's New World Law Dictionary. . 2000.

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