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Terms of trade |
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Terms of trade1. The relative price of a country's exports compared to its imports. See improve the terms of trade.* 2. Outside of the economics of international trade, this expression often refers more broadly to the policies, facilities, and other arrangments that characterize the trade between one country or group of countries and another.Similar MatchesIncotermsIncotermsTrade terms used worldwide to specify seller and buyer obligations in shipments against international sales contracts. These terms are adopted by the International Chamber of Commerce (ICC) for international movement of merchandise. Since they in themselves are not law, they must be specified if desired in quotations, sales contracts, purchase orders and commercial invoices. Terms of saleTerms of saleConditions under which a firm proposes to sell its goods or services for cash or credit. Direct termsDirect termsThe price of a unit of foreign currency in domestic currency terms, such as $.9850/Euro for a US resident. See: Indirect terms. Real termsReal termsSame as real. A "wage expressed in real terms" is just the real wage. Credit TermsCredit TermsThe conditions under which credit will be extended to a customer. The components of credit terms are: cash discount, credit period, net period. Further SuggestionsEuropean termssubscription terms Terms of trade argument Adverse terms of trade Terms of trade effect Improve the terms of trade Indirect terms conversion terms Terms of Delivery |
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