INCOTERMS
Set of three-letter codes, published by the International Chamber of Commerce (ICC), which represents several ways to organize international shipments. Commonly used in both foreign and domestic trade contracts, these are used to make international trading easier by helping traders in many countries understand one another. First designed in 1936, the codes are updated from time to time in order to conform with present trade practices. Because of such updates, contracts should indicate the version of Incoterms being used.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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