ordinary course of business
ordinary course of business: the usual manner and range of a business esp. considered in relation to the amount, circumstances, and validity of a particular transfer
the bankruptcy trustee voided a transfer that was not in the ordinary course of business see also buyer in ordinary course of business

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

ordinary course of business
n.
The usual activities and events that occur during the usual conduct of a particular business or of commercial activity in general.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


ordinary course of business
Conduct of business within normal commercial customs and practices. This term is used to determine the legitimacy of certain transactions.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

ordinary course of business
n.
   conduct of business within normal commercial customs and usages.

Law dictionary. . 2013.

Look at other dictionaries:

  • Ordinary course of business — In law, the ordinary course of business covers the usual transactions, customs and practices of a certain business and of a certain firm. This term is used particularly to judge the validity of certain transactions. It is used in several… …   Wikipedia

  • ordinary course of business — See in the ordinary course of business …   Ballentine's law dictionary

  • ordinary course of business — during regular business operations …   English contemporary dictionary

  • buyer in ordinary course of business — buy·er in or·di·nary course of business: a bona fide purchaser who in a normal or regular business procedure buys goods from a seller in the business of selling goods of that kind ◇ Under the Uniform Commercial Code a buyer in ordinary course of… …   Law dictionary

  • sale in ordinary course of business — See in the ordinary course of business …   Ballentine's law dictionary

  • in the ordinary course of business — In the course of business of mercantile men generally, not those engaged in a particular trade. Romeo v Martucci 72 Conn 504, 45 A 1. A sale such as made in the regular course of business, not one such as will be made only a few times in the life …   Ballentine's law dictionary

  • liquidity in the ordinary course of business — One of the three main types of liquidity need environments. An institution s going concern need for liquidity. Funding required for the normal ebb and flow of cash in the course of conducting bank business. Includes seasonal funding fluctuations …   Financial and business terms

  • buyer in the ordinary course of business — A purchaser who buys inventory from a seller who is in the business of selling that type of inventory. American Banker Glossary …   Financial and business terms

  • course of business — index custom Burton s Legal Thesaurus. William C. Burton. 2006 course of business n. Normal …   Law dictionary

  • course of business — What is usually and normally done in the management of trade or business. See also course of dealing regular course of business. In worker s compensation acts, the usual course of business of the employer covers the normal operations which form… …   Black's law dictionary

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