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Domestic international sales corporation
A type of U. S. Corporation, authorised in 1971, with income primarily from exports. Usually wholly owned U. S. Subsidiaries, DISCs had special treatment in borrowing or taxation. A 1976 GATT case found against the U. S. , which reached a compromise settlement with the EC in 1981. DISC was replaced in 1984 by foreign sales corporations.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
- Product:
- Acronym-Abbreviation:
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