Terms used in trade such as Soft Loan ,Soft Loan,Soft Sell , Solvency Margin,Sole Proprietorship,Sort Code etc

 

The terms used in business such as Soft Loan ,Soft Loan,Soft Sell , Solvency Margin,Sole Proprietorship,Sort Code etc

 

 

This post explains about terms used in business such as Small Claims Court,Smoke And Mirrors,Sneakernet,Socialism ,Soft Loan ,Soft Loan,Soft Sell ,Solvency Margin,Sole Proprietorship,Sort Code 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.

 

The terms used in business

 

Small Claims Court - A UK court in which hearings are generally informal, without jury, for the judgment of civil claims for small amounts of money, and where parties commonly represent themselves instead of hiring a solicitor or lawyer, although legal assistance or representation is permitted.

 

Small Print - An informal term for contractual terms and conditions which usually appear in very small font size (typically 8-point or less, whereas normal easily readable text is 10-point and over) on the reverse of a more accessible simple presentation of some sort of deal or arrangement into which a customer or user enters with a provider or supplier. 'Small print' is usually characterized by legalese and complex details, and is commonly used in a cunning way by unscrupulous suppliers to trick buyers into signing onerous agreements. The small size of the print became a practical necessity to accommodate the volume of contractual detail included in most legal documents, but has long served an ulterior purpose of ensuring that most contractual 'small print' is never read at all.

 

Smoke And Mirrors - Term based on a magician's illusions. To cover something up by drawing attention away from it.

 

The terms used in  business such as Soft Loan ,Soft Loan,Soft Sell , Solvency Margin,Sole Proprietorship,Sort Code  etcSmoot Hawley Act - Passed in 1930, this protectionist act increased import duties to the highest rate ever imposed by the United States, resulting in the downfall of the world trade system.

 

SMS - Short Message Service. Allows a text message to be sent from one mobile phone to another.

 

SMSF: Stands for self-managed superannuation fund External Site. An SMSF is a way of saving for your retirement. Unlike other super funds, an SMSF is self-managed, which means you're responsible for making sure the super fund complies with super and tax laws.

 

Snail Mail - Mail which is delivered in the traditional way by postal service, rather than e-mail.

 

Sneakernet - Humorous term describing the transfer of electronic information, such as computer files, by physically taking the disk, cd, etc., from one computer to another.

 

Social Capital - Physical or real capital that is owned by the public sector rather than by private firms.

 

Social Enterprise - A business chiefly having positive social and/or environmental aims, in which community and staff tend to feature strongly in priorities, and where profit is a means towards social, environmental or community purposes rather being an aim itself for the enrichment of owners or shareholders.

 

Social Networking - On the Internet, online communities which are built for people who share interests and activities, or to make and/or contact friends and family, e.g., Facebook, Twitter, etc. The practice of making business and/or social contacts through other people.

 

Socialism - A belief that a country's wealth should be distributed equally among its population, and to varying extent also that its industries should be under government ownership and control.

 

Society for Worldwide Interbank Financial Transactions (SWIFT) - Network through which international banks conduct their financial transactions.

 

Socio-Economic Grouping - The process if identifying and dividing people into groups according to their social, economic and/or educational status.

 

Soft Currency - A currency which is not readily accepted in exchange for other currencies or convertible to gold.

 

Soft Loan - A loan with generous terms such as lower than usual or no interest, and/or a long payback period.

 

Soft Loan - Also known as Soft Financing. A loan which has attractive terms for the borrower, such as low or no interest rates and/or a long repayment period, often made by banks to developing countries.

 

Soft Sell - A subtle, persuasive way of selling a product or service, as opposed to Hard Selling.

 

Software - A general term for programs, etc., used to operate computers.

 

Software:The second important part of as computer is software. Software is a series of instructions given to the computer by the user or by the manufacturer. These instructions are human provided logic and made up of one or more programs. When you want it to do a particular job, you put the programs into a computer e.g. he or she loaded the new software. The hardware can do nothing without software.

 

Sogo Shosha - A Japanese international general trading firm with integrated and coordinated services and production, such as Mitsubishi, and characterized by intercorporate shareholding and diversification to minimize risk, intra-group executives, and a presidential council.

 

Soldier Of Fortune - A mercenary. A person, sometimes ex-military, who is hired to work for another person or country. A freelance fighter.

 

Sole Proprietorship - A business owned by a single individual. The sole proprietorship pays no corporate income tax but has unlimited liability for business debts and obligations.

 

sole proprietorship: Business legal structure in which one individual owns the business.

 

SOLE PROPRIETORSHIP:The simpliest (and most popular) form of business organization. The individual is personally liable for all debts of the business to the full extent of his or her property. On the other hand, the owner has complete control of the business.

 

Sole Trader - Also called Sole Proprietor. A business which is owned and managed by one person who is responsible for any debts which are incurred, keeping their own accounts, etc.

 

Sole Proprietorship:  A business entity that involves just one individual who owns and operates the enterprise

 

Solvency Margin - The money a business requires in the form of cash or saleable assets, which must exceed the amount needed to pay bills, debts, etc.

 

Solvent - Having enough funds to pay all your debts.

 

some event, such as increased sales or production had occurred or were to occur. It is also used to make projections for future years.)

 

Sort Code - A number which is assigned to a branch of a bank, found on cheques, bank statements, etc., which enables that particular bank's address to be identified.

 

Sourcing / Sourcing :Research method that involves sending the researcher on-site to observe or have direct contact with the subject population (ethnographic approaches, for example). The goal is to dispense information. This is consistent with finding new product suppliers.

 

South Asian Association for Regional Cooperation (SAARC) - The South Asian Association for Regional Cooperation (SAARC) was established on December 8, 1985 as a economic and political organization for Southern Asia. Its members states consist of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka.

 

South Asian Preferential Trade Arrangement (SAPTA) - An organization promoting and sustaining mutual trade and economic cooperation among Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka through the exchange of concessions in respect to tariffs, para-tariffs, non-tariff barriers and direct trade measures.

 

South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA) - A non-reciprocal arrangement under which Australia and New Zealand offer preferential trade access to the developing nation members of the South Pacific Forum.

 

Southern African Customs Union (SACU) - A customs union among Botswana, Lesotho, Namibia, South Africa, and Swaziland focused on maintaining the free interchange of goods between member countries.

 

Southern African Customs Union (SACU) - Established in 1910, the SACU is the oldest customs union in the world and is composed of South Africa, Swaziland, Botswana, Namibia, and Lesotho. The countries engage in the free exchange of goods across their borders, and a share a common external tariff and excise duties, as well as the revenues generated by them.

 

The above details describes about terms called in business such as Small Claims Court,Smoke And Mirrors,Sneakernet,Socialism ,Soft Loan ,Soft Loan,Soft Sell , Solvency Margin,Sole Proprietorship,Sort Code 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 overseas trade below this post.Terms used in business such as Signature Loan,Slogan,Sleeper,Sleeping Partner, Small Business Administration etc

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Comments


Shekhar Gupta : I came across your website. It was really interesting to read through important information which yiu have published there. I have a query. I am an individual with IEC code in my name for a propertior ship firm in trading at delhi. If i open a new firm in uttar pradesh, do i need to get new iec code for importing from this new firm or same IEC code can work. Look forward for your valuable information.

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