What is MOHATRA?

In French law. A transaction covering a fraudulent device to evade the laws against usury. It takes place where an individual buys merchandise from another on a credit at a high price, to sell it immediately to the first seller, or to a third person who acts as his agent, at a much less price for cash. 16 Toullier, no. 44.

More On This Topic



Link to This Definition
Did you find this definition of MOHATRA helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary