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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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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