Terms used in trade such as Spot Check,Spot Market ,Stamp Tax ,State Of The Art,Statistician etc


The terms used in business such as Spot Check,Spot Market ,Stamp Tax ,State Of The Art,Statistician etc.


This post explains about terms used in business such as Spam,Southern Cone , Speculation,Spin Doctor,Spot Check,Spot Market ,Stamp Tax ,State Of The Art,Statistician 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


Southern African Development Community (SADC) - An inter-governmental organization focused on furthering socio-economic cooperation and integration as well as political and security cooperation among 15 South African states.


Southern African Development Community (SADC) - The Southern African Development Community (SADC) was first established in 1992. It is the successor to the Southern African Development Coordination Conference (SADCC). The Member States are Angola, Botswana, the Democratic Republic of Congo, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Seychelles, South Africa, Swaziland, United Republic of Tanzania, Zambia and Zimbabwe.


Southern Cone - The geographic region including Argentina, Brazil, Chile, Paraguay, and Uruguay.


The terms used in  business such as Spot Check,Spot Market ,Stamp Tax ,State Of The Art,Statistician  etcSpam - Unsolicited e-mail which is sent to numerous recipients.


Special Commissioners - In the UK, special commissioners are present at appeals concerning disputes between the Inland Revenue and tax payers.


Special Drawing Right (SDR) - An international reserve created by the International Monetary Fund and allocated to member countries to supplement foreign exchange reserves.


Special Resolution - In business, a resolution which must be passed by a high majority of a company's shareholders, often 75%, as opposed to an ordinary resolution, which only requires more than 50% of the the vote.


Specialised - To be highly skilled in a particular branch of a profession, occupation, activity, etc. Developed or adapted for a particular job or task.


Specific Tariff - A tariff assessed at a specific amount per unit of weight.


Specimen Signature - An example of a person's signature required by a bank, etc., so that it can be compared with the same person's signature on cheques and documents.


Speculate - To risk investment in property, shares, etc., in the hope of making a profit when selling them.


Speculation: Speculation is the buying and selling of shares, securities, stocks and commodities in a stock and produce exchange with the expectation of making a large profit in short time by resale.


Spider Food - Key words or phrases which are placed, usually invisibly, on a web page in order to attract search engines.


Spiff - A commission paid by a manufacturer or supplier to encourage salespeople to sell their product rather than a competitors.


Spin - The presentation of news/reports/information by politicians, business-people, etc., (typically cynically, dishonestly, unethically) in a highly positive way, or in a way designed to support a particular position. The term derives from the sense of putting a 'spin' on a story, so as to distort the truth to suit a particular purpose. This entail the use of euphemisms (unreasonably optimistic interpretations) in referring to one's own performance/effects, and dysphemisms (unreasonably negative interpretations) in referring to critics and competitors and their actions, effects, etc.


Spin Doctor - A public relations official or press/media spokesperson, in government or corporate work.


Sponsor - A company or individual who helps to support, usually financially, a team, an event, such as a sports meeting or concert, etc., in return for publicity or to advertise their own company or product.


Spot Check - A random inspection or examination, often with no warning, of a sample of goods or work performance to check for quality.


Spot Exchange-rate - Price that is quoted for immediate (spot) settlement. Spot settlement is normally one to two business days from trade date.


Spot Market - A market in which trades are made for immediate delivery or delivery in the very near future.


Spreadsheet - On a computer, a program used for entering, calculating and storing financial or numerical data.


Square Mile - A term used for an area of London in which many financial institutions are based.


Stabilization Policies - Government policies designed to promote economic growth, steady employment, and stable prices.


Stage payment: Payment of agreed amounts at stages


Stagflation - A situation in which there is a slow economic growth along with high inflation and high unemployment.


Staging:  Proactively preparing a business for sale to increase its appeal to potential buyers


Stakeholder - A person or group, such as shareholders, customers, employees, suppliers, etc., with a vested interest in, and can affect the success of, a company or organisation, or successful completion of a project, e.g


Stamp Duty - Called Stamp Tax in the US. A stamp which must be put onto certain documents, contracts, etc., to show that he tax has been paid when property, land, etc., has been sold.


Stamp Tax - A tax placed on a legal document upon transfer.


Standard Industrial Classification (SIC) / Classification internationale des secteurs SIC :A list in which industries and services are coded numerically for reference and research purposes.


Standard Industrial Classification (SIC) - A standard numerical code system used by the U.S. government to classify products and services.


Standard of living / Niveau de vie :The level of material comfort and wealth of a person or community.


Standing offer arrangement (also known as common-use supply arrangements): An arrangement between the government and a supplier(s) that sets out the terms and conditions, including price, under which a business agrees to supply an undefined volume of goods or services for a specified period. Government purchasers can then subsequently buy directly from a supplier on the arrangement without having to go through a normal procurement process.


Standing Order - In the UK. an instruction given to a bank to debit a fixed amount of money from an account, usually every month on the same date, to pay a bill, mortgage, etc.


Standing Room Only - A sales technique in which a company or individual selling a product gives the impression that many people wish to buy the product, encouraging people to purchase it immediately in case it sells out and they don't get another chance.


State Benefit - In the UK, money given by the government to people who don't have enough funds to live on and need financial assistance, often because they are unemployed or too ill to work.


State Of The Art - The highest level of development and/or technology applied to a product or service which is currently available.


Statistical value / Valeur statistique :The statistical value corresponds to box no. 46 of the Single Administrative Document. This value refers to the value of goods including transportation costs and insurance, up to the country border.


Statistician - A person who specialises in or works with statistics.


Status Enquiry - In the UK, a request made to a bank asking for a report on a person's financial status, i.e., whether they can repay a loan, mortgage, etc.


Statutory Company:A company incorporated by a special Act of the legislature is called a statutory company. Bangladesh Bank is an example of such a company.


The above details describes about terms called in business such as Spam,Southern Cone , Speculation,Spin Doctor,Spot Check,Spot Market ,Stamp Tax ,State Of The Art,Statistician 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 trade such as Soft Loan ,Soft Loan,Soft Sell , Solvency Margin,Sole Proprietorship,Sort Code etc

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