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illicit trade

Defined in 3 dictionaries — U.S. Code, Black's (1910), Black's (1891)

United States Code

21 U.S.C. § 387 — for purposes of this subchapter

The term “illicit trade” means any practice or conduct prohibited by law which relates to production, shipment, receipt, possession, distribution, sale, or purchase of tobacco products including any practice or conduct intended to facilitate such activity.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

Policies of marine insurance usually contain a covenant of warranty against "illicit trade," meaning thereby trade which is forbidden, or declared unlawful, by the laws of the country where the cargo is to be delivered. "It is not the same with 'contraband trade,' although the words are sometimes used as synonymous. Illicit or prohibited trade is one which cannot be carried on without a distinct violation of some positive law of the country where the transaction is to take place." 1 Pars. Mar. Ins. 614

Defined under licit intercourse in Black's Law Dictionary.

A Dictionary of Law

Henry Campbell Black · 1891

Policies of marine Insurance usually contain a covenant of warranty against “illicit trade,” meaning thereby trade which is forbidden, or declared unlawful, by the laws of the country where the cargo is to be delivered, “Té ig not the same with ‘contraband trade,’ although the words are sometimes used as synonymous. Illicit or prohibited trade is one which cannot be carried on without a distinct violation of some positive law of the country where the transaction is to take place.” 1 Pars. Mar. Ins. 614.