(See: trade fixture , trade secret , trademark ) Meaning of trade down. Trade usage is a term used in contract law to interpret ambiguous terms according to common business practices the parties should reasonably be able to rely upon. Trade up definition is - to trade something in (something, such as an automobile) for something more expensive or valuable of its kind. 2) v. to exchange one thing for another, which includes money for goods, goods for goods, and favors for goods or money. The majority of traders seek to avoid downtrends because they are inherently focused on upward trends and trade long only. If the construction is unreasonable, however, the court will ignore trade usage and apply the express terms of the agreement. Traditional Trade vs Modern Trade . It refers to all the courses of action which could be employed, other than the present one. Trading Downtrends . In 2016, 20 of the world’s largest shipping companies sold $120 billion, compared to $200 billion in 2012. Definition of Global Trade. What does trade down mean? In economics, trade-off means the exchange, in which a person sacrifices one or more things for getting a particular product, service or experience. Definition of trade down in the Definitions.net dictionary. Men falling in the category of "trade" are not gay-identified. The express terms of an agreement and trade usage must be construed "wherever reasonable as consistent with each other." Trade Usage Law and Legal Definition. But since 2012, trade has only been growing at a rate equal to or below that of GDP. Information and translations of trade down in the most comprehensive dictionary definitions resource on the web. If the trade usage is proved, a court may use it to "supplement or qualify terms of an agreement." trade down meaning, definition, what is trade down: to replace something you own with someth...: Learn more. Right from the ancient times when barter was the only form of trade, as there was no money to make profit, trade has gone through a number of changes, both monetarily and technologically. Global trade, also known as international trade, is simply the import and export of goods and services across international boundaries. trade: 1) n. a business or occupation for profit, particularly in retail or wholesale sales or requiring special mechanical skill. Historically, the volume of world merchandise trade has tended to grow between 1.5 times to twice as fast as world GDP. Definition of Trade-off. Trade (also known as chow) is a gay slang term which refers to the casual partner of a gay man or to the genre of such pairings. Downtrends can be found in … What is trade down: to replace something you own with someth...: Learn more sold! Profit, particularly in retail or wholesale sales or requiring special mechanical skill consistent with other. 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