Related Entries of the International Encyclopedia:

1. European Economic Community Summary of European Economic Community One of the three components of the European Communities. In March 1957, the members of the European Coal and Steel Community (France, Federal Republic of Germany, Italy, and the Benelux countries) expanded the sphere of economic cooperation through the [...]...
2. Economic Integration Summary of Economic Integration The process of unifying two or more national economies through conscious coordination of trade, fiscal, and monetary activities. Economic integration is normally preceded by the reduction or abolition of tariffs, quotas, and similar constraints upon trade [...]...
3. European Community European Community (EC) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of European Community (EC): (Previously known as the European Economic Community, or EEC; the term "European Communities" [...]...
4. Community Preference Summary of Community Preference A component principle of the Common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community.(Main Author: William J. Miller) Community Preference and Europe There is an entry on community [...]...
5. Combined Nomenclature Combined nomenclature (CN) and the Treaties of the European Union Description of Combined nomenclature (CN) provided by the European Union Commission: A systematic list of goods descriptions based on the Harmonized System, serving for the purposes of the Common Customs Tariff, external trade [...]...
6. Central American Common Market Summary of Central American Common Market A free trade area among the nations of Central America, established in 1960 by a treaty between El Salvador, Guatemala, Honduras, and Nicaragua. The common market began operations in 1961, and Costa Rica joined the group in 1962. Honduras dropped [...]...
7. Treaty of Rome Treaty Of Rome Summary of Treaty Of Rome The document, signed at Rome in 1957 (effective January 1, 1958), by which the six founding states established the European Economic Community (read this and related legal terms for further details). (Main Author: William J. Miller) The Treaty of [...]...
8. Compensatory Tax A special import levy imposed by the European Economic Community upon certain agricultural imports when the entry price of such products falls below a reference, or minimum target, price and the import is priced so as to reflect an export subsidy. Compensatory taxes are institutionalized in the [...]...
9. Central African Customs and Economic Union Central African Customs And Economic Union Central African Customs and Economic Union Outline The Central African Customs and Economic Union (CACEU or UDEAC: Union Douanier et Economique de l'Afrique Centrale) The union came into existence in 1966 pursuant to a treaty signed in 1964 by [...]...
10. Mercosur The Mercosur treaty creates something of a free trade zone among countries in the southern part of South America. The related Mercosur organization posts materials in Spanish. For information about Mercosur materials, see A Guide to MERCOSUR Legal Research: Sources and Documents. [...]...
11. Chicken War A protracted dispute between the United States and the European Economic Community arising from the adoption of Europe's COMMON AGRICULTURAL POLICY (read this and related legal terms for further details) on chicken i......
12. European Economic Area European Economic Area and the Treaties of the European Union Description of European Economic Area provided by the European Union Commission: Agreement Between the Community, and three Member States of the European Free Trade Area (EFTA)(not Switzerland) entered into force on 1 January 2004 [...]...
13. Free Trade Zone Spanish Translation of free trade zoneThis is the legal translation of English to Spanish in relation to free trade zone and / or a definition of this topic: Zona de Libre Comercio (in Spanish, without translation of the dictionary entry)....
14. Efta Efta Efta in International Trade Meaning of Efta, according to the Dictionary of International Trade (Global Negotiator): The European Free Trade Association is an intergovernmental organization set up for the promotion of free trade and economic integration to the benefit of its four Member [...]...
15. Restitutions Export and producer subsidies granted by the European Economic Community to EEC farmers and processors. The subsidies are a feature of the Common Agricultural Policy (read this and related legal terms for further details......
16. Customs Territory The geographical area of a country, its possessions, and surrounding waters within which the customs authority is empowered to impose duties and controls upon foreign merchandise entering therein. The customs territory need not necessarily incorporate all the territory over which a nation [...]...
17. Pillars of the European Union Pillars of the European Union and the Treaties of the European Union Description of Pillars of the European Union provided by the European Union Commission: In Community parlance people often refer to the three pillars of the EU Treaty. These three pillars, which form the basic structure of [...]...
18. Caricom Caricom Caricom in International Trade Meaning of Caricom, according to the Dictionary of International Trade (Global Negotiator): The Caribbean Community Market (CARICOM) is an organization of 15 Caribbean nations established in 1973 whose main purposes are to promote economic integration and [...]...
19. East- West Trade A general reference to trade between the industrial nations of the West, particularly those nations that are members of the Organization for Economic Cooperation and Development ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for [...]...
20. Trade Bloc Trade Bloc and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Trade Bloc: A general term referring to regional arrangements among countries that have established formal mechanisms for [...]...
21. Internal Market Meaning of Internal market Here is a very short concept of internal market in the European Union framework: Another term for the single market; also known as the common market, although that expression has wider connotations. Resources Notas y References See Also...
22. Export Processing Zone Summary of Export Processing Zone A special type of Foreign Trade Zone (read this and related legal terms for further details) within which certain exemptions from duties, taxes, and regulations are granted as an inducement to export-oriented manufacturing. Customarily a manufacturer within [...]...
23. Intervention Price The price at which the European Economic Community, in accordance with the Common Agricultural Policy (read this and related legal terms for further details), will intervene in the market to buy excess agricultural produ......
24. Target Price An important concept within the common agricultural policy (read this and related legal terms for further details) of the European Economic Community. It represents an optimum wholesale price within the community for a g......
25. Customs Trade Regulations Law of Similars and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Law of Similars: Regulations limiting importation of a product or altering its tariff treatment if a "similar" [...]...
26. Community Powers Community powers and the Treaties of the European Union Description of Community powers provided by the European Union Commission: Community powers are those which are conferred on the European Union in specific areas by the Member States. The European Union is thus able to act only within the [...]...
27. European Communities Summary of European Communities The name for the collective institution that embraces the European Economic Community, the European Atomic Energy Community, and the European Coal And Steel Community (qq.v.). Each of the three entities was established by separate convention, the earliest of [...]...
28. Supplementary Levy An additional tax that may be imposed upon imports of pork, poultry, or eggs into the European Economic Community when the purchase price of such items falls below the Gate Price ("https://lawin.org/list-of-international-trade-law-terms/">read this and related legal terms for [...]...
29. Countervailing Charge Countervailing Charge and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Countervailing Charge: A charge in addition to normal import duties that may be imposed under the European [...]...
30. Customs Regulation Market Access: Customs Regulation in International Economic Law In international economic law, market access: customs regulation includes the following legal areas, with coverage in this world legal encyclopedia: li> Harmonised System and Schedules of Concession Modes of Multilateral Tariff [...]...
31. European Coal And Steel Community European Coal And Steel Community Summary of European Coal And Steel Community One of three component entities within the European Communities, the coal and steel organization was formed following World War II to permit member states to equalize their access to iron and steel resources. The [...]...
32. Community Competences Community competences and the Treaties of the European Union Description of Community competences provided by the European Union Commission: Community competences are those which are conferred on the European Union in specific areas by the Member States. The European Union is thus able to act [...]...
33. Community Transit Community transit and the Treaties of the European Union Description of Community transit provided by the European Union Commission: Customs procedure that allows goods to be moved from one point in the Community to another. Resources See Also Popular Treaties Topics Treaties of the United [...]...
34. Nimexe The statistical classification system employed in the Common Customs Tariff (CCT) of the European Economic Community. The CCT is based upon the four-digit Customs Cooperation Council Nomenclature; under Nimexe, two suffix digits are provided to permit further subdivision of statistical classificatio......
35. Caribbean-Canadian Common Market Caribbean-Canadian Common Market (CARIBCAN) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Caribbean-Canadian Common Market (CARIBCAN): A non-reciprocal preferential [...]...
36. Trade Diversion The shift in purchases from sources outside a free-trade area (within which tariffs have been eliminated) to a union member, even though the cost of purchasing outside the union (before duty) is less than procuring from within. The absence of duty among members of the free- trade area more than [...]...
37. Werner Report A report on the subject of European integration, prepared by a committee under the leadership of Pierre Werner, prime minister of Luxembourg. The report, published in October 1970, urged full economic and monetary union within the European Economic Community as "a catalyst for the development o......
38. WEU WEU (Western European Union) and Europe There is an entry on weu (western european union) in the European legal encyclopedia. Common Foreign and Security Policy, NATO and WEU and the European Union WEU and the European Union Resources See Also International Organization Foreign Relations [...]...
39. Benelux Benelux Summary of Benelux An acronym for Belgium-Nether- lands-Luxembourg. Following World War II, the three nations formed a customs union with long- range objectives of establishing a single monetary and fiscal system. The localized objectives of the three Benelux countries were [...]...
40. Free List A listing of all commodities on which no customs duties are imposed.......
41. Mano River Union Mano River Union Outline The MRU is a customs union, established in 1977. There are three members: Liberia, Sierra Leone and Guinea. Its purpose is to provide preferential tariffs among the members.......
42. Commonwealth of Independent States Commonwealth of Independent States (CIS) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Commonwealth of Independent States (CIS): An organization of II countries -- including all former Soviet republics [...]...
43. Preferences Preferences and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Preferences: Special trade advantages granted by an importing country to certain trading partners, in contrast to [...]...
44. Trade Creation The substitution of lower- cost foreign goods for higher-cost domestic manufactures.......
45. Customs Classification Customs Classification and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Customs Classification: The determination of the appropriate category in which a traded product is classified for [...]...
46. West African Economic Community West African Economic Community Outline Also called "Communauté Economique de l'Afrique Occidentale". The CEAO was established in 1973. It consists of a number of West African countries, such as the Ivory Coast, Mali, Mauritania, Niger, Senegal and Upper Volta. A Communi......
47. Regional Organizations Regional organizations are, under some perspectives, international organizations, as they are members of the international community and encompass geopolitical entities that, in their operations or activities, transcend a single state or country. However, its membership is characterized by [...]...
48. Customs Cooperation Council An international organization established for the purpose of harmonizing the customs procedures and techniques of member countries. The agency is concerned with the mechanics of customs administration and is not involved in matters relating to tariff levels or similar substantive economic [...]...
49. Threshold Price A minimum import price for commodities established under the common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community, set so as not to hamper sales of EEC pro......
50. Lome Convention Introduction to Lome Convention Lomé Convention, trade and aid agreement between the European Union (EU) and 70 African, Caribbean, and Pacific (ACP) countries, first signed in February 1975 in Lomé, Togo. The Lomé Convention provided a framework of cooperation between [...]...
51. CFSP Embracing mainstream international law, this section on cfsp explores the context, history and effect of the area of the law covered here. Common Foreign and Security Policy (cfsp) and Europe There is an entry on common foreign and security policy (cfsp) in the European legal encyclopedia. [...]...
52. Protectionism Protectionism Definition Protectionism may be defined as government policies that favor domestic products over imported goods. The debate between protectionism and free trade has been a continuing issue in United States politics. Meanings For information on: * systematic protectionism [...]...
53. Guide Price As used in conjunction with the European Economic Community's Common Agricultural Policy on cattle and calves, it is synonymous with Orientation Price (read this and related legal terms for further details).......
54. Withdrawal Price A floor price at which European Economic Community producers of certain food products may withhold their goods from the market. The withdrawal price is generally below the base price (i.e., the target price set for a given commodity) and the purchase price at which EEC governments will intervene in ......
55. Customs Legal Issues Customs were the original form of international commercial law. As we have seen in the history of lex mercatoria, the customs existed before any statute of commercial law was made and were often the basis for legislation.(1) Customs in International Trade Meaning of Customs, [...]...
56. Arab Common Market Arab Common Market Outline The ACM came into existence in 1965, pursuant to an agreement signed in 1964 by the Arab League states. Its initial members included Egypt, Iraq, Jordan, Kuwait, Libya, Mauritania, Palestine Liberation Organisation, Somalia, Sudan, Syria, United Arab Emirates, Yeme......
57. Andean Community Andean Community, organization of South American countries located along the Andes Mountains, whose aim is to facilitate development of member nations through economic and social cooperation. The Andean Community (also known as the Andean Group) was established in 1969 by authority of an [...]...
58. Contracting Party Contracting Party and the Treaties of the European Union Description of Contracting Party provided by the European Union Commission: A contracting party is a State or an Intergovernmental Organisation or other entity with treaty making capacity that has expressed its consent to be bound by a [...]...
59. Czech-Slovak Customs Union Czech-Slovak Customs Union in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Czech-Slovak Customs Union: A customs union linking the Czech Republic and Slovakia, intended to preserve trade relations between [...]...
60. Black Market Black Market Definition Black Market is the term designating the illicit sale of commodities in violation of government rationing and price-fixing. The term originated in Europe during World War I, when the introduction of rationing in belligerent countries tempted some persons with access [...]...
61. Carribbean Community And Common Market Commonly known as Caricom, the successor organization to the defunct Caribbean Free Trade Association (Carifta). The object of CARICOM was to stimulate regional development through the adoption of a common external tariff and uniform protectionist measures, harmonization of fiscal affairs, and conce......
62. Dillon Round A series of multinational trade discussions conducted during 1960-1962 under the sponsorship of the general agreement of tariffs and Trade (read this and related legal terms for further details). The principal result of ......
63. Tokyo Declaration The pronouncement of a 1973 gathering in Tokyo of foreign, finance, and trade ministers of the major industrial nations, meeting to discuss economic and trade problems. The joint communique issued by the ministers called for increased trade through the elimination of tariff and nontariff [...]...
64. Community Law Community Law, law of the member states of the European Union (EU), as adopted by the union's Council of Ministers. The European Court of Justice interprets and applies EU law. Community law forms part of the law of states and prevails over national law. (1) Community Law and Europe There [...]...
65. Customs Unions Impact of Free Trade Agreements and Customs Unions This section provides an overview of impact of free trade agreements and customs unions within the legal context of Market Access (Customs Regulation) in international economic law (Main Regulatory Areas)....
66. Europe Central and East European Countries (CEECs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Central and East European Countries (CEECs): Includes Albania, Bulgaria, the Czech Republic, [...]...
67. Economic Community of Central African States Economic Community of Central African States or Communaute Economique des Etats de I' Afrique Centrale (CEEAC) in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Economic Community of Central African [...]...
68. Commercial Policy Common Commercial Policy and Europe There is an entry on common commercial policy in the European legal encyclopedia. Resources See Also Economic Development Social development Resources See Also Further Reading Entry "Common Commercial Policy" in the work "A Concise [...]...
69. Transaction Value The primary method of valuing goods for customs purposes under the Customs Valuation Agreement (read this and related legal terms for further details).......
70. Variable Levy Variable Levy and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Variable Levy: An import duty that is subject to alteration as world market prices change, designed to ensure that the [...]...
71. Common External Tariff Summary of Common External Tariff The uniform customs tariff applied by all the member states of a customs union or common market to imports from nonmember nations.(Main Author: William J. Miller) Common External Tariff and the GATT Policy Negotiations In relation to the GATT [...]...
72. Andean Common Market Considered in Andean Group.......
73. European Common Market European Common MarketCross-reference: European Economic Community and European Union.......
74. Caribbean Community and Common Market Caribbean Community and Common Market (CARICOM), organization established in 1973 to promote regional unity and to coordinate economic and foreign policy among Caribbean nations. Member countries include Antigua and Barbuda, Barbados, Belize, Dominica, G......
75. Southern Common Market Southern Common Market in relation with International Trade In the context of trade organizations, Christopher Mark (1993) provided the following definition of Southern Common Market: Mercado Common del Sur (MERCOSUR) or Mercado Comum do Sui (MERCOSUL). A common market including Argentina, [...]...
76. Islamic Common Market Islamic Common Market in International Trade Resources See Also Economic Cooperation Organization....
77. Common Carrier Read Carrier as cross-reference......
78. Common Agricultural Policy Common agricultural policy (CAP) and the Treaties of the European Union Description of Common agricultural policy (CAP) provided by the European Union Commission: The common agricultural policy is a matter reserved exclusively for the Community. Under Article 33 of the Treaty establishing the [...]...
79. Market Access Summary of Market Access The degree of participation in the domestic market that a nation allows to foreign suppliers. Tariffs, quotas, and similar protective devices are devices imposed to limit market access. (Main Author: William J. Miller) Market Access and National Treatment in the [...]...
80. Market Disruption A condition in which foreign imports of a given product increase in quantity so rapidly as to cause, or threaten to cause, material injury to a competing domestic industry. A finding of market disruption before the International Trade Commission may result in retaliatory actions against the [...]...
81. Customs Union Summary of Customs Union An arrangement among participating countries whereby tariffs are eliminated or virtually eliminated on products moving between members, and a common external tariff (read this and related legal terms for further details) is adopted to provide uniform treatment to [...]...
82. Common Margins Arrangement A mechanism employed by the European Economic Community to stabilize the values of EEC member currencies relative to one another. See snake.......
83. Common Pricing A feature of the COMMON AGRICULTURAL policy (read this and related legal terms for further details) of the European Economic Community.......
84. Common Foreign and Security Policy Common Foreign And Security Policy Common Foreign and Security Policy of European Union at the United Nations Further Reading A concise encyclopedia of the United Nations (including Common Foreign and Security Policy , H Volger, KA Annan -2010) The Oxford Handbook on the United Nations (TG [...]...
85. Commodity Summary of Commodity A nondifferentiated product produced with commonly available technology.(Main Author: William J. Miller) The Legal History of Commodity in Islamic Law This section provides an overview of Commodity in Islamic Law Commodity in International Trade Meaning of [...]...
86. Council of Europe Hello Council Of Europe Summary of Council Of Europe An association of twenty- one European states formed to identify and collectively pursue areas of common interest, and to provide a forum for the articulation of European unity. The council was formed by treaty in London on May 5, 1949; [...]...
87. Common Law Introduction to Common Law "Common Law, term used to refer to the main body of English unwritten law that evolved from the 12th century onward. The name comes from the idea that English medieval law, as administered by the courts of the realm, reflected the "common"customs of [...]...
88. Common Financing A feature of the Common Agricultural Policy (read this and related legal terms for further details) of the European Economic Community.......
89. Common Commercial Policy Common commercial policy and the Treaties of the European Union Description of Common commercial policy provided by the European Union Commission: The Community has exclusive responsibility for the common commercial policy (Article 133 of the EC Treaty, formerly Article 113). Under the policy [...]...
90. Common Customs Tariff Common Customs Tariff and the Treaties of the European Union Description of Common Customs Tariff provided by the European Union Commission: The common foreign and security policy (CFSP) was established and is governed by Title V of the Treaty on European Union (EU). It replaced European [...]...
91. Common Position Common position (CFSP) and the Treaties of the European Union Description of Common position (CFSP) provided by the European Union Commission: The common position in the context of the common foreign and security policy (CFSP) is designed to make cooperation more systematic and improve its [...]...
92. Common Strategy Common strategy (CFSP) and the Treaties of the European Union Description of Common strategy (CFSP) provided by the European Union Commission: The common strategy is an instrument of the common foreign and security policy introduced by the Treaty of Amsterdam. Under Article 13 of the EU [...]...
93. Common Transit Common transit and the Treaties of the European Union Description of Common transit provided by the European Union Commission: Customs procedure for the carriage of goods between the Community and the EFTA countries and between the EFTA countries themselves. Resources See Also Popular [...]...
94. Common Transport Policy Common transport policy and the Treaties of the European Union Description of Common transport policy provided by the European Union Commission: The goal of the common transport policy is to remove obstacles at the borders between Member States so as to facilitate the free movement of persons [...]...
95. Common Heritage Common Heritage (of Mankind) Embracing mainstream international law, this section on common heritage (of mankind) explores the context, history and effect of the area of the law covered here. Resources Further Reading The entry "common heritage (of mankind)" in the Parry and Grant [...]...
96. Common Standard of Civilization Embracing mainstream international law, this section on common standard of civilization explores the context, history and effect of the area of the law covered here. Resources Further Reading The entry "common standard of civilization" in the Parry and Grant Encyclopaedic Dictionary [...]...
97. Common Currency Common Currency and Europe There is an entry on common currency in the European legal encyclopedia. Resources See Also Further Reading Entry "Common Currency" in the work "A Concise Encyclopedia of the European Union from Aachen to Zollverein", by Rodney Leach (Profile [...]...
98. Compensation Summary of Compensation Trade concessions granted by one nation to another in recompense for other trade concessions that have been withdrawn or suspended.(Main Author: William J. Miller) Forms of Criminal Punishment: Compensation Introduction to Compensation Certain punishments [...]...
99. Country of Origin For customs tariff purposes, the country in which an imported product was manufactured, grown, or produced. When goods pass through more than one country in the process of manufacture, the country of origin does not change unless the product has been transformed substantially; minor [...]...
100. Discrimination Summary of Discrimination Unequal treatment in the duties, quotas, or administrative controls accorded to the products of one or more nations. Generally speaking, any nation which does not enjoy most FAVORED NATION (read this and related legal terms for further details) status is the subject [...]...
101. Economic Union Summary of Economic Union Also known as an economic community, an advanced form of economic integration on the part of several states. The economic union incorporates the features of a Common market (read this and related legal terms for further details)—unrestricted free trade among [...]...
102. European Free Trade Association Summary of European Free Trade Association A free trade area consisting of seven European countries among which tariffs and quantitative restrictions on industrial imports have been eliminated. Established in 1960 by the Stockholm Convention, EFTA originally included Austria, Denmark, [...]...
103. Free Trade Area Summary of Free Trade Area An association of states that seeks to overcome impediments to trade among members by reducing or eliminating tariffs among the participants. The members of a free trade area do not maintain a common external tariff nor do they (usually) provide for the free flow [...]...
104. Central Market A spot commodity market that serves as a national or regional center of trading activity, and often large-scale distribution of the products as well. Transactions are usually performed by dealers who serve as intermediary brokers between buyers and sellers.......
105. Fair Market Value The value an imported product would fetch, under similar circumstances of sale, were the goods sold in the country of origin. Customs authorities are usually interested in the fair market value of imported merchandise inasmuch as sales below such value may serve as the basis of a Dumping (...
106. Free Market The economic system of a nation in which market forces determine which goods and services are produced, and at what price they are offered. Free market economies do not contain substantial government controls on resource availability, price levels, or central planning of economic objectives.......
107. Single Market Summary of Single Market A component feature of the Common Agricultural policy (read this and related legal terms for further details) of the European Economic Community.(Main Author: William J. Miller) Single Market and Europe There is an entry on single market in the European [...]...
108. Spot Market A market for commodities or currency in which the sale results in an immediate or nearly immediate exchange of the goods or instruments for cash, as compared with a futures market, which trades in contracts for the future delivery of the product.......
109. Cornering the Market Resources See Also Corner...
110. Commodity Market Resources See Also Trade Market White Market Financial Market Trade Law Competition Law...
111. Common Law: Our lady and her Knights Common law : Our lady and her Knights From: Sir Frederick Pollock, The Genius of the Common Law [1912] See ... Read more...
112. Common law. Our Lady and Her Knights 2 Contents Common law . Our Lady and Her Knights 2 Continue from Common law . Our Lady and Her Knights ... Read more...
113. Common law. The Giants and the Gods Common law . The Giants and the Gods See Common law. The Giants and the Gods 2 From Sir Frederick ... Read more...
114. Common law. The Giants and the Gods 2 Contents Common law. The Giants and the Gods 2 See Common law. The Giants and the Gods From Sir Frederick ... Read more...
115. Common legal abbreviations Contents Common legal abbreviations The abbreviations showed here are pluralized by adding the letter “s” inside the period. For abbreviations ... Read more...
116. Common Law Systems Contents Common Law Systems Common law systems can be found in many nations that were former colonies or territories of ... Read more...
117. Dual Exchange Market A governmentally mandated system for the handling of foreign exchange transactions under which officially sanctioned imports or other approved transactions are accommodated at a given, prescribed rate of exchange while other transactions employ the market rate of exchange. For a listing of countries......
118. London Discount Market The group of London discount houses that make a market for short-term government and commercial paper. The discount market is financed by secured loans from the London clearing banks.......
119. Market-Oriented Distribution Center A product distribution center located close to the point of consumption rather than the point of manufacture. For example, an American manufacturer of a product sold in Europe might supply European customers from a (market-oriented) distribution center in Rotterdam, rather than directly from the U.S......
120. Common Law Legal System Common Law: The Legal SystemThe common law is based on the principle of deciding cases by reference to previous judicial decisions, rather than to written statutes drafted by legislative bodies. Common law can be contrasted to the civil-law system, based on ancient Roman law, found in conti......