Legal Dictionary of Pakistan

vertical merger.

A merger between businesses occupying different levels of operation for the same product, such as between a manufacturer and a retailer; a merger of buyer and seller. 8. The blending of the rights of a creditor and debtor, resulting in the extinguishment of the creditor's right to collect the debt. 0 As originally developed in Roman law, a merger resulted from the marriage of a debtor and creditor, or when a debtor became the creditor's heir. -Also termed confusion; confusion of debts; confusion of rights. Cf. CONFUSION OF TITLES.