Terms used in trade such as Domestic Liquidity , Double Indemnity,Double-dipping,Downtime,Draft,Drayage etc.

 

 

 

Terms used in business such as Domestic Liquidity , Double Indemnity,Double-dipping,Downtime,Draft,Drayage etc.

 

This post explains about terms used in business such as Domestic Liquidity ,Double Indemnity,Double-dipping,Downtime,Draft,Drayage ,Due Diligence Period,Dumping , Dunning Letter 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

 

Domestic International Sales Corporation - In the U.S. tax code, a specialized sales corporation whose income is lumped into the same income basket as a foreign sales corporation.

 

Domestic Liquidity - The aggregate of money supply, quasi-money or savings and time deposits, and deposit substitutes.

 

Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) - A comprehensive trade agreement between Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the United States to facilitate trade and investment and promote regional integration.

 

Dormant (or Sleeping) Partner: The partner ‘who does “not take part in the management of business but simply contributes capital to the firm is known as a dormant or sleeping partner.

 

Dot-com or dot.com: an e-commerce enterprise that markets its products through the Internet, rather than through traditional channels.

 

Double / Doublon :Duplicate data given in a file.

 

Terms used in  business such as Domestic           Liquidity , Double Indemnity,Double-dipping,Downtime,Draft,Drayage etcDouble - In the film and TV industry, a person who stands in, or is substituted, for a principal actor.

 

Double Entry System: The double entry system of bookkeeping is the art of recording the two fold aspects (viz every debit must have a corresponding credit and vice, vefs. a) of each transaction.

 

Double Indemnity - A clause in a life insurance policy where the insurance company agrees to pay double the face value of the policy in the event of accidental death.

 

Double-Blind - A method of testing a new product, usually medicine, in which neither the people trying the product nor those administering the treatment know who is testing the real product and who has been given a placebo containing none of the product.

 

Double-dip Recession - A recession during which there is a brief period of economic growth, followed by a slide back into recession, before final recovery. Also called a W-shaped recession. See recession shapes.

 

Double-dipping - The practice, usually regarded as unethical, of receiving two incomes or benefits from the same source, for example receiving a pension and consultancy income from the same employer.

 

Double-Entry Bookkeeping - An accounting method which results in balanced ledgers, i.e., for every transaction a credit is recorded in one account and a debit is recorded in another.

 

Doula - A birthing or labour coach, from the greek word doule, meaning female slave.

 

Downsize: Term currently used to indicate employee reassignment, lay­offs and restructuring in order to make a business more competitive, effi­cient, and/or cost-effective.

 

Downstream Dumping - A type of dumping in which the primary producer first sells its product to another domestic producer at below fair value or cost. The second producer then further processes the product and exports it to another country at a lower than normal cost.

 

Downtime: A period of time during which a machine is not available for use because of maintenance or a breakdown.

 

DP / BAE (Bon à Enlever) :DP signifies "delivery permit". A DP is a document issued by customs and authorising importers to take delivery of the goods.

 

DP (Delivery Permit) / BAE (Bon à Enlever) :DP signifies "delivery permit". A DP is a document issued by the customs and allows importers to take delivery of the goods.

 

DPI or NCDPI :The North Carolina Department of Public Instruction. DPI administers the policies adopted by the State Board of Education (SBE) and offers instructional, financial, technological and personnel support to all public school systems in the state.

 

Draft - A means of payment whereby a drawer (the importer) instructs a drawee (either the importer or its commercial bank) to pay the payee (the exporter). Also known as trade bill or bill of exchange.

 

Drawee in Case of Need: When the drawer of a bill mentions an alternative drawee to whom, the bill can be presented for acceptance in case the actual drawee refuses to accept or refuses to pay after acceptance, such alternative’ drawee is called a drawee in case of need.

 

Drawings - personal expenses paid for from a business account.

 

Drayage - The fee charged for, or the process of, transporting goods by lorry or truck.

 

Drip Advertising - An advertising campaign in small amounts over a long period of time to ensure that the public is continually aware of a product or service.

 

Drip pricing External Site: Is when one price is presented at the beginning of an online shopping experience and gradually, incremental fees and charges are added (or 'dripped') as you progress, for example, when buying a plane ticket. Drip pricing can result in the customer paying a higher price for a service or product than they first thought. As a business owner, you are required to show fees and charges at the beginning of an online shopping process and not gradually add them in.

 

DROP SHIPMENT:A shipment directly from the manufacturer to the end user.

 

Drum-Buffer-Rope - A method, usually in manufacturing, which ensures an efficient flow of work in a production process by taking into consideration any possible delays or problems which may occur.

 

DSSF :Disadvantaged Student Supplemental Funding.

 

Dual Pricing - The practice of selling identical products in different markets for different prices.

 

Due diligence - the formal process of investigating the background of a business. It's used to ensure that there are no hidden details that could affect the deal.

 

Due Diligence Period:  A period of time in which the buyer learns more about and investigates a business for sale in order to determine its worth (This can also be applied to the seller, especially in the case of seller financing, meaning a period of time in which the seller investigates the buyer to determine the buyer’s ability to run the business and the buyer’s creditworthiness. Due diligence is often performed on the acquirer as well as the target.)

 

Dumping - Selling merchandise in another country at a price below the price at which the same merchandise is sold in the home market or selling such merchandise below the costs incurred in production and shipment, that is, selling the product at less than fair value. Dumping is an illegal trade practice.

 

Dumping Margin - The difference between the fair value of a product and the amount for which it is available in the case of dumping.

 

Dumping: The term ‘dumping’ is used in foreign trade to denote a sale of “goods abroad at prices lower than those prevailing in the home market. The purpose behind dumping is to undercut the producers in the importing country.

 

Dunlop and Goodyear - industrial brand names, especially tyres/tires named after the founders/inventors of original pneumatic tyre/tire technologies and companies.

 

Dunning Letter: It refers to the letter that is written by a creditor to a debtor for the settlement of an overdue account. The letter should be written very” tactfully so that the debts can be collected and at the same time the existing good relations between the creditor and the debtor must be maintained.

 

DUNS (Data Universal Numbering System):A database maintained by Dun and Bradstreet that is used by the Government to identify each contractor and their location(s). This number is required to register with the Central Contractor Register (CCR) that is used by the government's electronic commerce/electronic data interchange (EC/EDI) system called FACNET. You can obtain a DUNS number at no cost by calling Dun and Bradstreet at 800-333-0505.

 

Duopoly - Two companies, or a situation, in which both companies control a particular industry.

 

The above details describes about terms called in business such as Domestic Liquidity , Double Indemnity,Double-dipping,Downtime,Draft,Drayage , Due Diligence Period,Dumping , Dunning Letter 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 trade such as Diversification , Diversionary Dumping, Dividend , Docking Station ,Dock Receipt etc.

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