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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

Perils of the sea

Economy; International trade

A marine insurance term used to designate heavy weather, stranding, lightning, collision, and sea water damage.

PEFCO

Economy; International trade

Private Export Funding Corporation. A corporation that lends to foreign buyers to finance exports from the United States.

Parcel post receipt

Economy; International trade

The postal authorities' signed acknowledgment of delivery to receiver of a shipment made by parcel post.

Packing list

Economy; International trade

A list showing the number and kinds of items being shipped, as well as other information needed for transportation purposes.

Order bill of lading

Economy; International trade

A negotiable bill of lading made out to the order of the shipper.

Open insurance policy

Economy; International trade

A marine insurance policy that applies to all shipments made by an exporter over a period of time rather than to one shipment only.

Open account

Economy; International trade

A trade arrangement in which goods are shipped to a foreign buyer without guarantee of payment. The obvious risk this method poses to the supplier makes it essential that the ...