Common carrier

In some jurisdictions, a legal term referring to carriers who offer transport services to the general consumer or business public. In contrast, for example, to carriers who may work as employees, sub-contractors or agents of the manufacturer or shipper.

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Common external tariff

A uniform tariff rate adopted by a customs union or common market such as the European Community to imports from countries outside the union. For example, the European Common Market is based on the principle of a free internal trade…

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Common Law

The body of law derived from usages, customs, and judicial decisions, as distinguished from statutes. See Civil Law.

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Common market

A common market (as opposed to a free trade area) has a common external tariff and may allow for labour mobility and common economic policies among the participating nations. The common market has the same features as a customs union,…

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