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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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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