Customs procedure


 

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Customs procedure

The practices used by customs officers to clear goods into a country and levy tariffs. Includes clearance procedures such as documentation and inspection, methods of determining a good's classification, and methods of assigning its value as the base for an ad valorem tariff. Any of these can impede trade and constitute a NTB.



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Committee on Uniform Securities Identification Procedures (CUSIP)

Committee on Uniform Securities Identification Procedures (CUSIP)

Committee that assigns identifying numbers and codes for all securities. These "CUSIP" numbers and symbols are used when recording all buy or sell orders.


Real Estate Settlement Procedures Act (RESPA)

Real Estate Settlement Procedures Act (RESPA)

A federal statute requiring disclosure of certain costs in the sale of residential, improved property which is to be financed by a federally insured lender.


Regulatory accounting procedures (RAP)

Regulatory accounting procedures (RAP)

Accounting principles required by the FHLB that allow S&Ls to elect annually to defer gains and losses on the sale of assets and amortize these deferrals over the average life of the asset sold.


Code of procedure

Code of procedure

The guide of the National Association of Securities Dealers used to adjudicate complaints filed against NASD members.


Special entry procedure

Special entry procedure

An administrative procedure that is required as a condition of entry for an imported good, such as transport by the importing country's national fleet, or entry through a specific port or customs station.


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Good delivery and settlement procedures


 
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