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Simple English definitions for legal terms
ob favorem mercatorum
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A quick definition of ob favorem mercatorum:
Term: OB FAVOREM MERCATORUM
Definition: Ob favorem mercatorum is a Latin phrase that means "in favor of merchants." This phrase is often used to describe laws or policies that are designed to benefit or support merchants and their businesses.
A more thorough explanation:
OB FAVOREM MERCATORUM
Ob favorem mercatorum is a Latin phrase that means "in favor of merchants."
- A government policy that reduces taxes on imports is an example of ob favorem mercatorum because it benefits merchants who import goods.
- Another example is a law that protects the rights of merchants to conduct business without interference from the government or other parties.
These examples illustrate how ob favorem mercatorum refers to policies or laws that are designed to support the interests of merchants. Such policies may include tax breaks, trade agreements, or regulations that promote free trade and commerce.