4 Terms
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International trade
The buying and selling of goods, services and capital across international borders or territories.
Industry: Economy
Add a new termContributors in International trade
International trade
Devaluation
Economy; International trade
The official lowering of the value of one country's currency in terms of one or more foreign currencies. For example, if the U.S. dollar is devalued in relation to the French franc, one dollar will ...
Date draught
Economy; International trade
A draught that matures in a specified number of days after the date it is issued, without regard to the date of acceptance. See Draft, Sight draft, and Time draft.
Deferred payment credit
Economy; International trade
Type of letter of credit providing for payment some time after presentation of shipping documents by exporter.
Customs
Economy; International trade
The authorities designated to collect duties levied by a country on imports and exports. The term also applies to the procedures involved in such collection.
Dock receipt
Economy; International trade
A receipt issued by an ocean carrier to acknowledge receipt of a shipment at the carrier's dock or warehouse facilities. Also see Warehouse receipt.
Discrepancy Letter of credit
Economy; International trade
When documents presented do not conform to the letter of credit it is referred to as a discrepancy.
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