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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

Remitting bank

Economy; International trade

The bank that sends the draft to the overseas bank for collection.

Quotation

Economy; International trade

An offer to sell goods at a stated price and under specified conditions.

Quota

Economy; International trade

The quantity of goods of a specific kind that a country permits to be imported without restriction or imposition of additional duties.

Purchasing agent

Economy; International trade

An agent who purchases goods in his or her own country on behalf of foreign importers such as government agencies and large private concerns.

Pro forma invoice

Economy; International trade

An invoice provided by a supplier prior to the shipment of merchandise, informing the buyer of the kinds and quantities of goods to be sent, their value, and important ...

Political risk

Economy; International trade

In export financing, the risk of loss due to such causes as currency inconvertibility, government action preventing entry of goods, expropriation or confiscation, and war.

Phytosanitary inspection certificate

Economy; International trade

A certificate, issued by the U.S. Department of Agriculture to satisfy import regulations for foreign countries, indicating that a U.S. shipment has been inspected and is free ...

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