Board of Trade, a term with several meanings. In the United States, the term is sometimes used to refer to a commodity exchange. In Canada, the term refers to a voluntary community organization of business and professional people who promote civic and commercial interests. (In the United States, such an organization is generally called a chamber of commerce.) In Great Britain, Board of Trade is the name of the department of government that grants patents, copyrights, and licenses, establishes standards for weights and measures, and administers laws pertaining to various kinds of commercial matters. The president of the board is a member of the cabinet.
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