Merchandise Law and Legal Definition
Generally, the term merchandise is used to denote a movable object involved in trade or traffic and that is passed from hand to hand by purchase and sale. Similarly it is also referred as an article of trading or the class of objects in which trade is carried on by physical transfer; collectively termed as mercantile goods, wares or commodities, or any subjects of regular trade, animate as well as inanimate especially, that which is dealt in by merchants.
Usually, the dealings of real estate, ships, and intangibles such as software are not termed as merchandised. This term does not apply to money, stocks, bonds, notes, or other mere representatives or measures of actual commodities or values. This is also termed as article of merchandise.
Merchandise is also used to denote purchase and sale, trade, traffic, dealing, or advantage from dealing.