国贸吉大名词解释

名词解释：
1 World company
A world company is a multinational company whose national identity has been blurred.
2 Incoterms
Incoterms are a set of international rules for the interpretation of trade terms.
3 Contract
A contract is an agreement which sets forth binding obligations of the relevant parties.
4 Bill of exchange
The bill of exchange ,is an unconditional order to a bank or customer to pay a sum of money to someone on demand or at a fixed time in the future.
5 FDI
Foreign Direct Investments.
6 Opening bank
An opening bank is the bank that issues a letter of credit.
7 Firm offer
A firm offer is a promise to sell goods at a state price.
8 Insurance policy
An insurance policy is a document used for covering possible risks.
9 Intellectual property
It means certain non-tangible assets held, principally covering the areas of patent protection , registered trade marks and designs, and copyright.
10 ICC
the International Chamber of Commerce
11 inflation
inflation means a rise in prices brought about by the excess demand, expansion of money supply, credit etc.
12 free trade area
Free trade area is the loosest form of regional economic integration in which barriers to trade are removed among members while each member still adopts its own policy as regards to trade with outsiders.
13 Options
Options are contracts giving the right to buy and sell a security at an agreed price within the geographic area of an economy.
14 gross domestic product(GDP)
GDP measures the market value of all goods and services produced within the geographic area of an economy.
15 FOB
Free on Board
16 Gold reserves
Gold reserves refer to the stock of gold coin and bullion held by
a note-issuing bank in a country on the gold standard.
17 Applicant of an L/C
It means the importer that goes to a bank for the establishment of an L/C.
18 Drawer
Drawer is the person who draws the draft, usually the exporter.
19 Specific duties
Specific duties are duties levied on the basis of quantity, weight, size etc. of the goods.
20 BOT
Build, Operate, Transfer ,
21 indemnity
Indemnity is a principle of insurance which holds that a contract of insurance is one which restores a person who suffered a loss into the same position as he was in before the loss occurred.
22 absolute advantage
The theory of absolute advantage holds that a commodity will be produced in the country where it costs least in terms of resources (capital land and labour)
23 attainment
Attainment is the act of achieving, reaching, or accomplishing.
24 direct exchange rate
A direct exchange rate is the price of a foreign currency in terms of the home currency.
25 D/A
Documents and acceptance
26 insurable interest
Insurable interest holds that no one may insure anything unless he has an interest in it, which means that if the thing insured is preserved he will derive a benefit from its preservation, but if it is in any way damaged or lost the assured will be adversely affected.
27 revolving credit
An revolving credit refers to the credit whose amount can be renewed or reinstated without specific amendment to the credit being made.
28 economic globalization
Economic globalization refers to the free flow of commodity, capital, technology, service and information in the global context for optimized allocation.
29 premium
Premium is the amount of money which the insured pay to the insurance company for coverage under the contract.
30 APEC
Asia-Pacific Economic Cooperation
31 loans
Loams refer to sth, lent on condition of being returned, especially a sum of money lent at interest.
32 draft
A draft means an unconditional order to someone to pay a sum of money.
33 facilities
The facilities refer to sth, designed, built or installed to serve a specific function or perform a particular service.
34 transferable credit
It is a credit which can be transferred by the original beneficiary to one or more parties.
35 CIF
Cost, Insurance and Freight.
36 clean draft
Clean draft is the draft without any documents.
37 middleman trader
Middleman trader is the person through whom goods pass between the producer and the consumer.
38 trade barriers
Trade barriers refer to various forms of bars to freedom ,esp, of international trade.
39 licenser
A licenser is a person or company granting a license
40 V AT
Value Added Tax
41 bundling
Bundling means that the exchanges of goods or services are tied together.
42 sight credit
A sight credit is one by which payment can be made upon presentation of the draft and impeccable documents by the beneficiary to the bank.
43 cargo insurance
Cargo insurance refers to an activity which aims at moving the burden of risk from the shoulders of the exporters and importers,
and placing it upon the shoulders of specialist risk-bearing underwriters.
44 legal action
Legal action is an action taken against someone in accordance with the law
45 IMF
International Monetary Fund
46 tariffs
Tariffs means customs duties levied by a government on imports or exports.
47 customer mobility
Customer mobility refers to the fact that an important client of a company engages in FDI and starts a factory in a foreign market, and then the firm, either a parts supplier or service provider, may very likely follow its client and make FDI overseas so as not to lose the business to its competitors.
48 intermediate products
Intermediate products refers to semi-manufactures, the products that are situated or coming between raw materials and finished products.
49 notify party
The notify party is the party to be advised after arrival of the
goods at the port of destination.
50 FCA
Free Carrier。