Terms used in business such as Current Account,Current Assets, Current market value, Customer ,Customer service etc


Terms used in business such as Current Account,Current Assets, Current market value, Customer ,Customer service etc.




This post explains about terms used in business such as Current Account Balance, Current Account,Current Assets,Current market value,Customer ,Customer service, Customhouse Broker ,Customs,Customs Duty etc. These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.


Terms used in business



Current Account - A measure of a country’s international trade in goods and services.


Current Account Balance - A broad measure of import-export activity that includes services, travel and tourism, transportation, investment income and interest, gifts, and grants along with the trade balance on goods.


Current Account Deficit:It is a trade measure that shows the value of a country’s imports of goods and services to be higher than the value of its exports.


Current Account: It is one of the kinds of banking account from which money can be withdrawn at any time without any prior notice, as is required in the case of a Fixed Deposit Account.


Current asset - an asset in cash or that can be converted into cash within the next 12 months.


Current Assets - Also called Liquid Assets. A company's cash or assets which can be converted into cash usually within one year, including shares, inventory, etc.


Terms used in  business such as Current Account,Current Assets, Current market value, Customer ,Customer service etcCurrent Assets - This is one of the most basic accounting terms that represents cash and other valuable things that can be turned into cash within the next year. They are listed by how quickly they can be turned into cash – cash, accounts receivable, inventory, office supplies, pre-paid expenses, etc.


Current assets: Valuable resources or property owned by a company that will be turned into cash within one year or used up in the operations of the company within one year. Generally includes cash, accounts receivable, inventory and prepaid expenses.


Current Liabilities - This is one of the basic accounting terms that represents the things that need to be paid in cash by the company within one year.


Current liabilities: Amounts owned that will ordinarily be paid by a company within one year. Generally includes accounts payable, current portion of long-term debt, interest and dividends payable.


Current liability - a liability that is due for payment in the next 12 months.


Current Liability - In business, a liability or debt which must be paid within one year from the time of the initial transaction.


Current Rate Method - A translation accounting method, such as FAS #52 in the United States, that translates monetary and real assets and monetary liabilities at current exchange rates. FSA #52 places any imbalance into an equity account called the “cumulative translation adjustment.”


Current Ratio - A financial ratio which gives an indication of whether or not a company can pay its short-term debts.


Current Assets:  Assets that are either cash, will turn into cash, or will be used up within one year


Current liabilities:  Debts the business must pay within one year


Current market value:  What someone is willing to pay you for an item should you choose to sell it today


Custom Service Agreement (CSA) - A Custom Service Agreement is an agreement, sometimes referred to as a Custom Network Service Arrangement CNSA, Master Services Agreement, MSA, or the like, between Sprint and a customer or customers for the customized provision of Sprint Services. The charges for some or all of such Services may reflect additional charges and/or discounts which may be in addition to, or in lieu of, the base service schedule rates and standard schedule discounts and other promotions and discounts available to customers under applicable base service schedules. Agreements become effective upon their execution by both parties.


Customer - An individual, company, etc., who purchases goods and/or services from other individuals, companies, stores, etc.


Customer - The person, firm, company, corporation, or other entity, having a communications requirement of its own, that is responsible for the payment of charges and for compliance with this schedule.


Customer files / Fichier client :Information (addresses, figures, observations, etc.) stored in a permanent memory base such as a hard disk. Initially, it designated a series of data sheets.


Customer Loyalty - Describes when a customer prefers to buy a particular brand or type of product, who prefers a particular shop, or who stays with the same company, such as a bank, insurance company, phone company, etc.


Customer Relations - The relationship a company has with its customers and the way it deals with them. The department in a company which is responsible for dealing with its customers, for example complaints, etc.


Customer retention : The maintenance of the custom of people whi have purchased a company's goods or services once and the gaining of repeat purchases.


Customer service: The way in which an organization deals with its customers.


Customer profile:  A written description of your customers (Usual methods for developing customer profiles include demographics, geographic, and  psychographics.)


Customers who have made a recent purchase (although the definition of “recent” depends of the type of product or services sold).


Customhouse Broker - A person or firm obtains the license from the treasury department of its Country when required, and help clients (importers) to enter and declare goods through customs.


Customs - The authorities designated to collect duties levied by a country on imports and exports.


Customs agent / Commissionnaire en douane :A customs agent is an authorised customs clearance professional. A forwarding agent can also act as a customs agent.


Customs airport / Aéroport douanier :Airport opened by the competent technical authority for public and international air traffic. The airport has a customs house or a sub-station that functions either on a permanent or a temporary basis.


Customs bond / Acquit à caution ou cautionnement en douane :Customs or excise document in which a bonder undertakes to fulfil the obligations relating to the specific rules applicable to goods.


Customs classification / Nomenclature douanière :The customs classification is also called the-HS code. The classification is a codification with 12 digits that determine the customs duty rate applicable to the product type.


Customs Clearance Outwards (CCO) / DAS :This document is a simplified export form which is used for the purpose of simplified procedures.


Customs Duty - A tax which must be paid on imported, and sometimes exported, goods, to raise a country's revenue and to protect domestic industries from cheaper foreign competition.


Customs Duty: It is a kind of tax imposed upon goods” imported or exported. These duties are imposed by the government on different rates. When it is levied on imported goods, it is termed import duty and the same will be known as export duty when it is imposed on goods exported.


Customs procedures / Régime douanier :Destination for customs purposes given to goods by submission of a customs entry and which determines its situation as regards the regulations.


Customs Trade Partnership Against Terrorism (C-TPAT) - A partnership between the United States government and the private sector to extend U.S. border security by extending U.S. border protection to the origin of incoming cargo.


Customs Union - A form of regional economic integration group that eliminates tariffs among member nations and establishes common external tariffs.


Customs Union - A group of nations which have agreed to promote free trade, for example, not to charge tax on goods which they trade with one another, and to set taxes for nations which are not members of the group.


The above details describes about terms called in business such as Current Account Balance, Current Account,Current Assets,Current market value,Customer ,Customer service, Customhouse Broker ,Customs,Customs Duty etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in business trade below this post.Terms used in business such as Credit Risk Insurance,Creditor,Crowd funding, Current Account, Crowdsourcing etc

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