Trafficking is the transporting of or transacting in illegal goods or people. See drug trafficking, sex trafficking, and human trafficking.
[Last updated in December of 2021 by the Wex Definitions Team]
COMMERCE
transaction
In business law, a transaction is an event associated with business dealings conducted between two or more parties that involve the formation and performance of an obligation or contract. The word transaction is frequently used in real estate...
transfer agent
A transfer agent is an agent, usually a commercial bank or trust company, appointed by a corporation to keep legal records of all the corporation's stockholders. The transfer agent updates these records when stock is transferred, issued or...
transmittal letter
A letter that accompanies some object and serves as a record of that object being delivered. The object being delivered is often a paper document (e.g., a pleading), but may also be a larger physical object (e.g., goods).
treasury bill
Treasury bills are one of three main securities issued by the U.S. federal government. A person can buy a treasury bill for a couple months to as little as four weeks. Treasury bills, along with other treasury securities, are regarded as one...
treasury stock
Treasury stock is a type of stock that has been reacquired by the issuing corporation. While held by the issuer, the stock is considered issued but not outstanding, and is not considered in measuring the value of outstanding common shares....
Truth in Lending Act (TILA)
The Truth in Lending Act (TILA) is a consumer protection law enacted in 1968 in response to exceedlingy predatory loan practices. Prior to the TILA, lenders would use a variety of terminology and forms of lending that manipulated uninformed...
tying arrangement
A tying arrangement is an agreement in which the seller conditions the sale of one product (the "tying" product) on the buyer's agreement to purchase a separate product (the "tied" product) from the seller. Alternatively, it is also considered a...
U.S. Court of Appeals for the Federal Circuit
The U.S. Court of Appeals for the Federal Circuit (C.A.F.C.) has nation-wide jurisdiction over certain disputes that involve the Federal government including intellectual property, international trade, government contracts, and federal...
UBO
UBO, or unincorporated business organization, is a business arrangement used in lieu of a company or partnership. The investor acts as the settlor of the trust and gives the management rights to the trustee, who holds title to the property...