Commercial approach means a person, corporation, or employee of a person or corporation who enters into a contract or an agreement for the sake of monetary payment and agrees to perform a service by applying a pesticide but does not include a farmer trading work with another, a person employed by a farmer not solely as a pesticide applicator who applies pesticide as an incidental part of the person’s general duties, or a person who applies pesticide as an incidental part of a custom farming operation. In the investment field, the term commercial is used to refer to commercial trading or an entity engaged in business activities that are hedged by positions in the futures or options markets. Charities and non-profits, as well as government agencies usually operate on a non-commercial basis.
KEY TAKEAWAYS
- Commercial refers to activities of commerce—business operations to earn profits.
- Non-commercial activity can be conducted by non-profit organizations or government agencies.
- In financial markets, the term is used to describe a trading activity that is hedged using derivatives contracts.
- Commercial positions in the options and futures markets generally indicate hedging activity, while non-commercial positions denote speculative activity.
- A commercial may also refer to an advertisement broadcast over a media channel.
