globaledge.msu.edu

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commercial document


General term for documents describing various aspects of a transaction, e.g. commercial invoice, transport document, insurance document, certificate of origin, certificate of inspection, etc.
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vehicle currency


A currency that plays a central role in the foreign exchange market (e.g., the U.S. dollar ad Japanese Yen).
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absolute advantage


An absolute advantage exists when a nation or economic region is able to produce a good or service more efficiently (using the same amount of resources) than a second nation or region.
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accelerated tariff elimination


An increased rate of reduction of import duties at a faster rate than what was originally planned or decided upon.
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active income


In the U.S. tax code, income from an active business as opposed to passive investment income.
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ad valorem tariff


A tariff assessed as a percentage of the value of an import.
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adjusted present value


A valuation method that separately identifies the value of an unlevered project from the value of financing side effects.
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advanced encryption standard


The Advanced Encryption Standard (AES) is an encryption algorithm used by U.S. government agencies to secure materials. It is predicted that AES will soon be used in the private sector with commercial [..]
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advising bank


Bank, usually in the country of the seller, whose primary function is to authenticate the letter of credit and advise it to the seller.
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african developmental bank group


The ABD Group is 1 of 4 major regional developmental banks currently operating in the global economy; it is headquartered in Abidjan, Cote d'Ivoire.
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