Economy

Economy

Pertaining to the system or range of economic activity in a country, region, or community.

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Economy > International trade

Acceptance

Economy; International trade

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

Without reserve

Economy; International trade

A term indicating that a shipper's agent or representative is empowered to make definitive decisions and adjustments abroad without approval of the group or individual ...

Wharfage

Economy; International trade

A charge assessed by a pier or dock owner for handling incoming or outgoing cargo.

Warehouse receipt

Economy; International trade

A receipt issued by a warehouse listing goods received for storage.

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 ...