International trade

International trade

The buying and selling of goods, services and capital across international borders or territories.

Industry: Economy

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International trade

Arbitrage

Economy; International trade

The process of buying foreign exchange, stocks, bonds, and other commodities in one market and immediately selling them in another market at higher prices.

Asian dollars

Economy; International trade

U.S. dollars deposited in Asia and the Pacific Basin. Compare Eurodollars.

Beneficiary

Economy; International trade

The person in whose favour a letter of credit is issued or a draught is drawn.

This term has several related meanings: (1) A time draught (or bill of exchange) that the drawee has accepted and is unconditionally obligated to pay at maturity. The draught must be presented first ...

Advising bank

Economy; International trade

A bank, operating in the exporter's country, that handles letters of credit for a foreign bank by notifying the export firm that the credit has been opened in its favor. The advising bank fully ...

Advisory capacity

Economy; International trade

A term indicating that a shipper's agent or representative is not empowered to make definitive decisions or adjustments without approval of the group or individual represented. Compare Without ...