6 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
Countertrade
Economy; International trade
The sale of goods or services that are paid for in whole or in part by the transfer of goods or services from a foreign country.
Customhouse broker
Economy; International trade
An individual or firm licenced to enter and clear goods through customs.
Correspondent bank
Economy; International trade
A bank that, in its own country, handles the business of a foreign bank.
Countervailing duty
Economy; International trade
A duty imposed to counter unfairly subsidised products.
Convertible currency
Economy; International trade
A currency that can be bought and sold for other currencies at will.
Confirmed letter of credit
Economy; International trade
A letter of credit, issued by a foreign bank, the validity of which has been confirmed by a domestic bank. An exporter whose payment terms are a confirmed letter of credit is assured of payment by ...
Charter party
Economy; International trade
A written contract, usually on a special form, between the owner of a vessel and a "charterer" who rents use of the vessel or a part of its freight space. The contract generally includes the freight ...
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