21 Terms
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International trade
The buying and selling of goods, services and capital across international borders or territories.
Industry: Economy
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International trade
Trust receipt
Economy; International trade
Release of merchandise by a bank to a buyer in which the bank retains title to the merchandise. The buyer, who obtains the goods for manufacturing or sales purposes, is obligated to maintain the ...
Time draught
Economy; International trade
A draught that matures either a certain number of days after acceptance or a certain number of days after the date of the draft. Compare Date draught and Sight draught .
Straight bill of lading
Economy; International trade
A non-negotiable bill of lading in which the goods are consigned directly to a named consignee.
Transaction statement
Economy; International trade
A document that delineates the terms and conditions agreed upon between the importer and exporter.
Steamship conference
Economy; International trade
A group of steamship operators that operate under mutually agreed-upon freight rates.
Tare weight
Economy; International trade
The weight of a container and packing materials without the weight of the goods it contains. Compare Gross weight.
Tenor
Economy; International trade
Designation of a payment as being due at sight, a given number of days after sight, or a given number of days after date.
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