"carry on an unlawful or contraband trade at night," 1540s, from owl (n.). Related: Owled; owler; owling.
"a market, a place of sale or traffic, a gathering for buying and selling," mid-15c., a contraction of market (n.) probably influenced by its Middle Dutch cognate markt, from Latin mercatus "trade."
mid-13c., marchaundise, "trading, commerce, action or business of buying and selling goods or commodities for profit;" mid-14c., "commodities of commerce; wares, movable objects, and articles for sale or trade," from Anglo-French marchaundise, Old French marcheandise "goods, merchandise; trade, business" (12c.), from marchaunt "merchant" (see merchant). The plural had become obsolete in English by late 19c.