Terms used in business such as Absolute advantage, Ad Valorem Rate, Ad Valorem Tariff etc


Terms used in business such as Absolute advantage, Ad Valorem Rate, Ad Valorem Tariff etc.


This post explains about terms used in business such as Apple Box, Arbiter, Arbitration, Articles of Association,Asian Development Bank ,Articles of Incorporation,Asset Stripping ,Asset,Assignment 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


Apple Box - Used in films, TV, etc. Wooden boxes of various sizes which are used to elevate actors and celebrities.


Application for Service - The Sprint order process that includes technical, billing and other descriptive information provided by the customer which allows Sprint to provide requested communications services for the customer and customer's authorized users. Upon acceptance by Sprint, the Application for Service becomes a binding contract between the customer and Sprint for the provision and acceptance of services.


Apportionment: Apportionment means division into parts and it is used in accounts and insurance business. .When it is used in accounts it denotes the division of income and expenditure but in case of insurance it signifies the division of total loss to be borne by different parties involved.


Appraisal - A review of performance, capability, needs, etc., typically of an employee, in which case the full term is normally 'performance appraisal'.


Appraisal: Evaluation of a specific piece of personal or real property. The value placed on the property evaluated.


Appreciation: The increase in the value of an asset in excess of its depreciable cost due to economic and other conditions, as distinguished from increases in value due to improvements or additions made to it.


Arab Maghreb Union (AMU) - A regional alliance seeking economic and political unity in Northern Africa. Members are Algeria, Libya, Mauritania, Morocco, and Tunisia.


Arbiter - A person who settles a dispute or has the ultimate authority to decide the outcome of a matter.


Arbitrage - The process of purchasing and selling the identical products, such as foreign exchange, stocks, bonds and other commodities, in several markets intending to make profit from the difference in price. Arbitrage is generally seen as a "risk-less" transaction.


Arbitrage: It is an operation in which a .person buys goods in one (cheaper) market and sells in another (dearer) market in order to make profit out of the price difference.


Arbitration - Arbitration is a way to settle disputes using an impartial third party instead of filing a law suit.


Arbitration - using an independent third party to settle disputes without going to court. The third party acting as arbitrator must be agreed by both sides. Contracts often include arbitration clauses nominating an arbitrator in advance.


Arbitrator - An independent person or body officially appointed to settle a dispute.


Archive/Archives - A collection of records no longer active. Also pluralised - archives - meaning the same, and referring to the place of storage.


ARRA :American Recovery and Reinvestment Act of 2009.


Arrears: Amounts past due and unpaid.


Arrival notice / Avis d'arrivée :Written notice sent by a carrier to a nominated party advising of the arrival of the vessel and/or a certain shipment.


Articles Of Association - The document which lists the regulations which govern the running of a company, setting out the rights and duties of directors and stockholders, individually and in meetings.


Articles of Association: This is a document, which contains the rules and regulations governing the internal management, organization and the conduct of a joint stock company. In it the qualifications, remunerations,’ powers and duties of the directors and other officers are clearly stated. It also stated the relation of shareholders among themselves, their powers and claims.


Articles of Incorporation: A legal document filed with the state that sets forth the purposes and regulations for a corporation. Each state has different regulations.


ASAP / ASAP :As soon as possible.


ASEAN Free Trade Area (AFTA) - A multilateral agreement on trade, including agricultural trade, between Association of Southeast Asian Nations (ASEAN) member countries, phasing out tariffs and revising other trade rules over the 15-year period of implementation of the Common Effective Preferential Tariff (CEPT) Scheme. The agreement was signed in January 1992.


Asian Development Bank (ADB) - The Asian Development Bank (ADB) is a multilateral development financial institution owned by 67 members (48 from the region and 19 from other parts of the globe). Its goal is to improve the welfare of the people in Asia and the Pacific. ADB is headquartered in Manila, Philippines. It is one of four major development banks around the world.


Asia-Pacific Economic Cooperation (APEC) - A forum designed to promote economic growth, cooperation, and integration among member nations. APEC has also worked to reduce tariffs and other trade barriers across the Asia-Pacific region. Its vision is based on the "Bogor Goals" adopted in the 1994 meeting in Bogor, Indonesia. There are 21 member economies including: Australia; Brunei Darussalam; Canada; Chile; People's Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; The Republic of the Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand; United States of America; Viet Nam.


Aspirational Brand - A brand or product which people admire and believe is high quality, and wish to own because they think it will give them a higher social position.


Assessment:It refers to the “valuation of income, property, etc., for the purpose of determining income tax.


Asset - Things of value that the company owns, and plans to use in the future to make money, and that the item can be assigned dollar amounts. Examples are accounts receivable, inventory, cash, buildings, trucks, equipment in use, etc. Other valuable things that cannot be assigned dollar amounts are not put on the balance sheet, such as brands, customers, management team, etc.


Asset Stripping - Buying a stricken company and selling off its assets with no thought for the future of the company or its people, customers, etc.


Asset Approach:  Determines the business value based on the value of its assets less its liabilities  (The commonly used valuation methods under this approach are: asset accumulation method and capitalized excess earnings method.)


Asset Category:  The indication of whether an asset is either land, a building, equipment, or a start-up cost


Asset Life:  The number of year's service expected from an asset


Asset Sale:  A sale of a company when only the assets of the business are sold, not the stock of the corporation  (This allows the new buyer to depreciate most of the assets over five or ten years and eventually recoup most or all of the  purchase price.   An asset sale also frees a buyer from any liabilities the previous owner may have incurred. )


Assets - Anything of value which is owned by an individual, company, organisation, etc.


Assets - are things you own. These can be cash or something that can be converted into cash such as property, vehicles, equipment and inventory.


Assignment: The receipt of an exercise notice by an options writer that requires him to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified price.


Association of Southeast Asian Nations (ASEAN) - An organization founded in 1967 for the purpose of promoting regional stability, economic development, and cultural exchange in southeastern Asia. Membership includes Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam.


At Discount:It is less value than the face value of shares or debentures.


The above details describes about terms called in business such as Apple Box, Arbiter, Arbitration, Articles of Association,Asian Development Bank ,Articles of Incorporation,Asset Stripping ,Asset,Assignment 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 Air Waybill,Alpha Test,Amalgamation,Anchor Tenant,Andean Pact,Annuity etc


Related posts about free online training on export and import  trade:



How to import your product?
Click here to know HS code of your product
What is the ITC code (Indian Tariff Code) of your product?
Dispute settlement in international business
Export Promotion Councils and Commodity Boards, product wise
Foreign Trade Agreements of India
MEIS scheme for Indian Exporters
Who are authorized to issue Certificate of origin under Harvest Scheme (EHS)India Thailand FTA Early
Who are authorized to issue COO under India South Korea Comprehensive Economic Partnership Agreement (CEPA)
Transferability of Bill of Lading
Transhipment - A redefinition
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export
Types of Insurance Documents.
What is LC Letter of Credit in export import business
What is legalization of documents by embassy?
What is LET EXPORT order in export trade?

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers