Tag: Import Export Terminology
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Marine Insurance
Legal Definition and Related Resources of Marine Insurance Meaning of Marine Insurance An insurance against marine losses, that is, the losses incident to marine adventure. An insurance against risks connected with navigation to which a ship, […]
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Economic Union
An agreement between two or more countries that allows the free movement of capital, labor, all goods and services, and involves the harmonization and unification of social, fiscal, and monetary policies….
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Gold Exchange Standard
A system of fixing exchange rates adopted in the Bretton Woods agreement. It involved the U.S. pegging the dollar to gold and other countries pegging their currencies to the dollar….
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Franchising
International Trade Meaning and Definition of Franchising Meaning of Franchising A parent company grants another independent entity the privilege to do business in a pre-specified manner, including manufacturing, selling products, marketing […]
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Eurobond
A bond that is (1) underwritten by an international syndicate, (2) offered at issuance simultaneously to investors in a number of countries, and (3) issued outside the jurisdiction of any single country….
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Discounting
Calculating the present value of a future amount. The process is opposite to compounding….
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Partnership
The relation subsisting between two or more persons who have contracted together to share as common owners the profits of a business carried on by all or any of them on behalf of all of them, Shumaker, Partnership, 2. Elements : The essential elements of a partnership are (1) a contract […]
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Hedge Funds
Private investment partnerships with a general manager and a small number of limited partners….
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Foreign Aid
International Trade Meaning and Definition of Foreign Aid Meaning of Foreign Aid A grant of money, technical assistance, capital equipment, or other assistance typically extended by richer nations to poorer nations.<div […]
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Merger
Legal Definition and Related Resources of Merger Meaning of Merger In relation to corporations, the term denotes the amalgamation of two corporations to form a new one. The absorption of one corporation by another, which retains its name and […]
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Expropriation
Legal Definition and Related Resources of Expropriation Meaning of Expropriation The compulsory purchase of land or other property of a person by a municipal or other governmental authority usually in return for fair compensation. The right to […]
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Devaluation
Financial Definition of Devaluation Meaning of Devaluation A decrease in the spot price of the currency. International Trade Meaning and Definition of Devaluation The official lowering of the value […]
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Market Access
International Trade Meaning and Definition of Market Access Meaning of Market Access The extent to which a domestic industry can penetrate a related market in a foreign country. Access can be limited by tariffs or other non-trade […]