What is the meaning of the words "stock-in-trade"?

British Columbia, Canada


The following excerpt is from Waldron v. Royal Bank, 1989 CanLII 2825 (BC SC):

The meaning of the words “stock-in-trade” was discussed in Endrizzi v. Peto, [1917] 1 W.W.R. 1439 (B.C.S.C.), on an application by the sheriff for directions on a seizure of goods under a writ of fieri facias, and a claim by the defendant for exemption of certain goods.

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