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Economy

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

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Economy > International trade

Time draft

Economy; International trade

A draft that matures either a certain number of days after acceptance or a certain number of days after the date of the draft. Compare Date draft and Sight draft .

Through bill of lading

Economy; International trade

A single bill of lading converting both the domestic and international carriage of an export shipment. An air waybill, for instance, is essentially a through bill of lading used ...

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.

Tare weight

Economy; International trade

The weight of a container and packing materials without the weight of the goods it contains. Compare Gross weight.

Straight bill of lading

Economy; International trade

A non-negotiable bill of lading in which the goods are consigned directly to a named consignee.

Steamship conference

Economy; International trade

A group of steamship operators that operate under mutually agreed-upon freight rates.

Standard international trade classification

Economy; International trade

(SITC) - A standard numerical code system developed by the United Nations to classify commodities used in international trade.

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