Terms used in business such as International Energy Agency, International Labour Organization,International Monetary Fund etc

 

Terms used in business such as International Energy Agency, International Labour Organization,International Monetary Fund etc.

 

 

This post explains about terms used in business such as Inter Alia ,Interest,Interest rate,Internal Equity ,Internal Market,International Bonds,International Energy Agency, International Labour Organization,International Monetary Fund 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

 

Inter Alia - Latin for 'among other things' - a traditional term which typically precedes a list of examples, and is found in official or formal text or various sorts. Inter alios means 'among other people', but is much less used.

 

Interactive Toll Free Services Program - An "Interactive Toll Free Services Program" is an application which combines any number and combination of Interactive Toll Free Service features to allow callers to be routed to the appropriate location.

 

Inter-American Development Bank - A regional development bank designed to promote sustainable economic development in the Western Hemisphere. Its headquarters are located in Washington, D.C.

 

Intercity Circuit - denotes a circuit, created by Carrier by means of multiplex equipment, between Carrier's switches which are shared by subscribers. Shared intercity circuits will consist of identifiable and discrete circuits between a given city-pair.

 

Terms used in  business such as International Energy Agency, International Labour Organization,International Monetary Fund  etcIntercity Mileage - The mileage, measured as the shortest distance between any two of the Carrier's points of presence using the Serving Wire Centers "V" & "H" coordinates noted in NECA Tariff F.C.C. No. 5 associated with said Carrier's Points of Presence.

 

Interest - the cost of borrowing money on a loan or earned on an interest-bearing account.

 

Interest economic grouping (IEG) / Groupement d'intérêt économique (GIE) :Grouping of natural or legal persons having a unique legal status, distinct from a company or an association. Its purpose is to facilitate the carrying out of an economic activity run together by its members, by pooling certain aspects of this activity: sales counter, import or export services, research laboratory, etc. The grouping is a legal entity and has to be registered.

 

Interest rate - a percentage used to calculate the cost of borrowing money or the amount you will earn. Rates vary from product to product and generally the higher the risk of the loan, the higher the interest rate. Rates may be fixed or variable.

 

Interest Rate Risk - The risk of unexpected changes in an interest rate.

 

Interest Rate Swap - An agreement to exchange interest payments for a specific period of time on a given principal amount. The most common interest rate swap is a fixed-for-floating coupon swap. The notional principal is typically not exchanged.

 

Interest rate: the amount of interest charged for borrowing a particular sum of money over a specified period of time.

 

Interest: the rate that a lender charges for the use of money that is a loan.

 

Interexchange Carrier (IXC) - A common carrier that provides long distance domestic and international communication services to the public.

 

Interim Dividend:It is a dividend declared by a company in the “interim” that is before the close of the financial year and net profits have ‘not yet been calculated. Such dividends can be declared subject to the sanction of the Articles and may be out of the past or accruing profits.

 

Intermediary - A mediator or agent who negotiates between two parties who are unable or unwilling to reach an agreement by themselves.

 

Intermediated Market - A financial market in which a financial institution (usually a commercial bank) that stands between borrowers and savers.

 

Intermodal - The use of two or more modes of transportation to complete a cargo move; truck/rail/ship, or truck/air, for example.

 

Intermodal transport / Transport Intermodal :Carriage of goods using various modes of transport but in the same containers, without a break in load. The container may be a road vehicle or an intermodal unit of transport.

 

Internal Equity - In a company or organisation, ensures the pay each employee receives is determined fairly by the type of job they do.

 

Internal Market - A market for financial securities denominated in the currency of a host country and placed within that country.

 

International Accounting Standards Board (IASB) - The International Accounting Standards Board (IASB) is an independent, privately funded organization that sets international accounting standards. The IASB is committed to developing a single set of high quality, understandable and enforceable global accounting standards that require transparent and comparable information in general purpose financial statements.

 

International Asset Pricing Model (IAPM) - The international version of the Capital Asset Pricing Model in which investors in each country share the same consumption basket and purchasing power parity holds.

 

International Bank for Reconstruction and Development - Also called the World Bank, an international organization created at Breton Woods in 1944 to help in the reconstruction and development of its member nations.

 

International Bank Guarantee / Garanties bancaire internationales :A guarantee is a commitment given by a bank to pay a sum of money in accordance with the terms and conditions set out in the operation guarantee text.

 

International Bonds - Bonds that are traded outside the country of the issuer. International bonds are either foreign bonds trading in a foreign national market or Eurobonds trading in the international market.

 

International Chamber of Commerce (ICC) - International non-governmental body concerned with promotion of trade and harmonization of trading practice. Responsible for drafting and publishing.

 

International Company:An international company is a domestic firm that uses its existing capabilities to penetrate overseas markets.

 

International Energy Agency (IEA) - An autonomous agency linked with the Organization for Economic Cooperation and Development (OECD). It is the authoritative source for energy statistics worldwide and an energy policy advisor for 28 member countries. It was founded during the oil crisis of 1973-74 and was initially focused on coordinating efforts between member countries in times of oil supply emergencies. Since then it has expanded its role to encompass climate change policies, market reform, energy technology collaboration, and outreach to the rest of the world.

 

International Joint Venture: One of the strategies for entering international markets is through joint ventures—where the risks, costs, management, and success of the venture are shared by the partners. The international nature of joint ventures subjects them to a multitude of statutes, regulations and legal requirements which must be understood by the players: the US business executive, the overseas partner, the investment banker, and their professional advisors. Add to this the complex business considerations which must be satisfied—often within the framework of a foreign culture and foreign practices—and you have a situation in which informed guidance is essential.

 

International Labour Organization (ILO) - The International Labour Organization is the UN specialized agency which seeks the promotion of social justice and internationally recognized human and labour rights. The ILO formulates international labour standards in the form of conventions and recommendations setting minimum standards of basic labour rights.

 

International Maritime Satellite Organization (INMARSAT)/Maritime Satellite Organization (MARISAT) - Organizations established in 1964 to govern a global maritime satellite system to provide international communication between international locations including locations in ocean regions such as ships or oil rigs.

 

International Monetary Fund - IMF. Established in 1944 by the United Nations to monitor foreign exchange systems and encourage trade between member nations. It also lends money to developing countries with economic problems.

 

International Monetary Fund (IMF): The International Monetary Fund (IMF) was established by international treaty in 1945 to help promote the health of the world economy. Headquartered in Washington, D.C., it is governed by its almost global membership of 184 countries. The IMF is the central institution of the international monetary system—the system of international payments and exchange rates among national currencies that enable business to take place between countries. The IMF’s statutory purposes include promoting the balanced expansion of world trade, the stability of exchange rates, the avoidance of competitive currency devaluations, and the orderly correction of a country’s balance of payments problems. It aims to prevent crises in the system by encouraging countries to adopt sound economic policies; it is also—as its name suggests—a fund that can be tapped by members needing temporary financing to address balance of payments problems.International Trade Administration (ITA): As part of the US Department of Commerce, the mission of the International Trade Administration is to help US businesses participate fully in the growing global marketplace. The ITA overseas the Commercial Services that is a global network of professionals charged with promoting US exports, Manufacturing and Services that is the government’s link to American industry and that has industry sector specialists can help identify trade opportunities for specific US products or services, and the Market Access and Compliance that keeps world markets open to US products and that has country specialists can help you benefit from our trade agreements with other countries.

 

The above details describes about terms called in business such as Inter Alia , Interest, Interest rate,Internal Equity ,Internal Market,International Bonds,International Energy Agency, International Labour Organization,International Monetary Fund 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.

 

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