Economy

Economy

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

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Economy > International trade

Bill of lading

Economy; International trade

A document that establishes the terms of a contract between a shipper and a transportation company under which freight is to be moved between specified points for a specified ...

Beneficiary

Economy; International trade

The person in whose favor a letter of credit is issued or a draft is drawn.

Barter

Economy; International trade

Trade in which merchandise is exchanged directly for other merchandise without use of money. Barter is an important means of trade with countries using currency that is not ...

Balance of trade

Economy; International trade

The difference between a country's total imports and exports. If exports exceed imports, a favorable balance of trade exists; if not, a trade deficit is said to exist.

Asian dollars

Economy; International trade

U.S. dollars deposited in Asia and the Pacific Basin. Compare Eurodollars.

Arbitrage

Economy; International trade

The process of buying foreign exchange, stocks, bonds, and other commodities in one market and immediately selling them in another market at higher prices.