Tag: International Commercial Law
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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 […]
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International Economic Law
Legal Issues International economic law is more likely to fall under the rubric of public international law, as it deals with international economic relationships between states. See, for example, Petersmann, 'International Economic Theory and International Economic Law: On the Tasks of a […]
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International Economic Law
Legal Issues International economic law is more likely to fall under the rubric of public international law, as it deals with international economic relationships between states. See, for example, Petersmann, 'International Economic Theory and International Economic Law: On the Tasks of a […]
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Exchange Control
The system by which a government regulates possession of and dealings in foreign exchange. The principal objective of exchange control is to allocate foreign exchange to necessary imports and expenditures. Normally, the finance ministry or central bank is invested with the authority to issue […]
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Exchange Control
The system by which a government regulates possession of and dealings in foreign exchange. The principal objective of exchange control is to allocate foreign exchange to necessary imports and expenditures. Normally, the finance ministry or central bank is invested with the authority to issue […]
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Economic Community of West African States
Economic Community Of West African States Summary of Economic Community Of West African States An organization of sixteen West African states committed to the elimination of trade barriers among the member states and the promotion of economic development in the region. Formed at Lagos, […]
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Economic Community of West African States
Economic Community Of West African States Summary of Economic Community Of West African States An organization of sixteen West African states committed to the elimination of trade barriers among the member states and the promotion of economic development in the region. Formed at Lagos, […]
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Discount Rate
Also known as the re-discount rate, the rate of interest charged by the Federal Reserve to member banks for advances. The rates are set every fourteen days by the regional Federal Reserve banks upon approval of the Board of Governors of the Federal Reserve system.The discount rate is a p…
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Discount Rate
Also known as the re-discount rate, the rate of interest charged by the Federal Reserve to member banks for advances. The rates are set every fourteen days by the regional Federal Reserve banks upon approval of the Board of Governors of the Federal Reserve system.The discount rate is a p…
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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 […]
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Arrest
Summary of Arrest The restraint of a vessel by legal authority pending settlement of an admiralty suit. An arrest in maritime usage is the approximate equivalent of an attachment.(Main Author: William J. Miller) Arrest, the process of taking a person into custody, usually carried […]
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Arrest
Summary of Arrest The restraint of a vessel by legal authority pending settlement of an admiralty suit. An arrest in maritime usage is the approximate equivalent of an attachment.(Main Author: William J. Miller) Arrest, the process of taking a person into custody, usually carried […]
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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 […]