Tag: Foreign Trade Definition
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Oligopoly
A term used in economics describing situations where only a few sell a given product. See Northern Natural Gas. Co. v Fed. Power Comm., (D.C.App.) 399 F.2d 953. Also, the term is used in the context of statutes aimed at preventing monopolies, in the sense of a large corporation or several […]
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Outsourcing
Financial Definition of Outsourcing Meaning of Outsourcing The practice of purchasing a significant percentage of intermediate components from outside suppliers. International Trade Meaning and Definition of […]
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Transfer
To convey . Also, the document by which property is transferred. Generally, the term transfer is used only to denote voluntary conveyance of property. The bankruptcy Act, 11 U.S.C. Ãâç101(40) defines the word as every mode, direct or indirect, absolute or conditional, voluntary […]
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Perpetuity
That which lasts forever. In a technical sense, the term denotes limitations of contingent future interest which may or will not vest beyond the period prescribed by the rule against perpetuities. See perpetuities, rule against .
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Merchandise
Goods , commodities and wares as are ordinarily the objects of trade and commerce , whether sold wholesale or retail . The term is inappropriate to refer to realty .
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Promissory Note
An unconditional promise in writing made by one person to another signed by the maker , engaging to pay on demand , or at a fixed or determinable future time, a sum certain in money to order or to bearer . Distinct from a bill of exchange in that the maker of a promissory note…
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Promissory Note
An unconditional promise in writing made by one person to another signed by the maker , engaging to pay on demand , or at a fixed or determinable future time, a sum certain in money to order or to bearer . Distinct from a bill of exchange in that the maker of a promissory note…
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Trade Acceptance
A draft or bill of exchange drawn by the seller on the purchaser of goods sold and accepted by such purchaser. See Luikart v Massachussetts Bonding & Ins. Co., 129 Neb. 771, 263 N. W. 124. A negotiable instrument. See Merson v Sun Ins. Co., 253 N. Y.S.2d51, 44 Misc.2d 131. The purpose of such…
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Predatory Pricing
It is a form of price discrimination that requires selling below cost with the intention of destroying competition. However, predatory pricing is against law….
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Usury
Originally the term meant interest charged on any loan, but in course of time it has come to mean interest over and above what is allowable by statutes or interest that is excessive.
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Premium
A consideration ; a reward for an act done; a bounty or bonus . Also, the annual or periodic payment made by an insured to the insurer in consideration of the insurer issuing the policy of insurance or renewing the same.