Search results for: “fixed exchange rates”
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European Monetary System
Summary of European Monetary System A mechanism established by the European Communities to mitigate exchange rate fluctuations among the members and establish a zone of "monetary stability in Europe."The EMS is, in part, a fulfillment of the 1970 Werner Report (read this and […]
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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 […]
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Magna Carta
Legal Materials Pictures and translations of the Magna Carta are posted on the Internet by the National Archives and Records Administration and the British Library. You'll find a print copy in the American Jurisprudence 2d Deskbook. Abstract The Magna Carta (literally, the […]
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Draft
Summary of Draft A written, unconditional demand upon a named party to pay a specified sum of money at a prescribed date. The person who makes the demand for payment, i.e., the person who prepares the draft, is known as the drawer or maker of the instrument; the party of whom payment is […]
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Lex Mercatoria
History The ancient Lex Mercatoria, the Law Merchant of the Middle Ages, was first described by an anonymous author in the late thirteenth century as part of "Colford's Collection"in the "Little Red Book of Bristol"and later […]
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Lex Mercatoria
History The ancient Lex Mercatoria, the Law Merchant of the Middle Ages, was first described by an anonymous author in the late thirteenth century as part of "Colford's Collection"in the "Little Red Book of Bristol"and later […]
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Price Standardization
Price Standardization in International Trade Meaning of Price Standardization, according to the Dictionary of International Trade (Global Negotiator): Price strategy for international markets based on setting a price for the product as it leaves de factory. At its simplest it involves setting […]
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Price Standardization
Price Standardization in International Trade Meaning of Price Standardization, according to the Dictionary of International Trade (Global Negotiator): Price strategy for international markets based on setting a price for the product as it leaves de factory. At its simplest it involves setting […]
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Grid
Grid in International Trade Meaning of Grid, according to the Dictionary of International Trade (Global Negotiator): In foreign exchange, fixed margin within which exchange rates are not allowed to fluctuate.
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Alternative Trading Systems
Alternative Trading Systems (ATSs) The alternative trading systems, with presence in many of the world’s main financial markets, were created by rapid advances in information technology. This has enabled the creation of new market places which have no need for physical trading floors. The main risks to consumer protection are from: difficulties for clients in…
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Floating Currency
Floating Currency in International Trade Meaning of Floating Currency, according to the Dictionary of International Trade (Global Negotiator): One whose value in terms of foreign currency is not kept stable (on the basis of the par value or a fixed relationship to some other currency) but […]
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A Dictionary of Law Enforcement
A Dictionary of Law Enforcement A Dictionary of Law Enforcement is “the only dictionary available -according to Oxford University Press, its publisher- that focuses on United Kingdom (British) law enforcement terms. This legal resource contains over 3,400 legal terms, covering many United Kingdom and European Union institutions.” Most of the entries in “A Dictionary of…
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A Dictionary of Law Enforcement
A Dictionary of Law Enforcement A Dictionary of Law Enforcement is “the only dictionary available -according to Oxford University Press, its publisher- that focuses on United Kingdom (British) law enforcement terms. This legal resource contains over 3,400 legal terms, covering many United Kingdom and European Union institutions.” Most of the entries in “A Dictionary of…
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Foreign Currency Transaction
For accounting purposes, a transaction stated in terms of a currency other than the firm's functional currency. The purchase or sale of goods priced in terms of a foreign currency and the lending or borrowing of foreign funds represent such transactions….
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Green Rate
A special rate of exchange used in converting agricultural prices fixed in units of account into national currencies, within the framework of the Common Agricultural Policy (read this and related legal terms for further deta…