Economy

Economy

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

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Economy > International trade

Standard industrial classification

Economy; International trade

(SIC) - A standard numerical code system used to classify products and services.

Spot exchange

Economy; International trade

The purchase or sale of foreign exchange for immediate delivery.

Sight draft

Economy; International trade

(S/D) - A draft that is payable upon presentation to the drawee. Compare Date draft and Time draft.

Ship's manifest

Economy; International trade

An instrument in writing, signed by the captain of a ship, that lists the individual shipments constituting the ship's cargo.

Shipper's export declaration

Economy; International trade

A form required for all shipments by the U.S.Treasury Department and prepared by a shipper, indicating the value, weight, destination, and other basic information about an export ...

Revocable letter of credit

Economy; International trade

A letter of credit that can be canceled or altered by the drawee (buyer) after it has been issued by the drawee's bank. Compare Irrevocable letter of credit.