ANTI-DUMPING DUTY
A protectionist tariff that a local government dictate on foreign imports which is assessed to have a price beneath the fair market value. In the context of the United States, the anti-dumping duties are implemented by the Department of Commerce and usually exceed 100%. They are activated when a foreign company is selling a product which is way below the cost of its production. The reason behind the anti-dumping duties is to preserve domestic jobs, although there are critics who argue that it will result to the decrease of competitiveness among domestic company producing the same goods and also to price increase for domestic consumers.
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BWP - Botswana Pula
Currency abbreviation for the Botswana Pula, the official currency of the Republic of Botswana. Presented with the symbol P, the currency is subdiv ...
Usury Rate
Usury Rate is the rate of interest that typically is unreasonably higher than the current market rates. Usury rate are most likely to be found in t ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Intermarket Trading System - ITS
An electronic computer system that connects the trading floors of all the main equity US exchanged. Essentially, the system allows any broker or ma ...
Global Industry Classification Standard - GICS
Standardized classification system for equities developed by Morgan Stanley Capital International (MSCI) and Standard & Poor's. The industr ...
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