Terms used in trade such as Wow Factor,Writ Of Execution,Write-Protect,World Trade Organisation etc


The terms used in business such as Wow Factor,Writ Of Execution,Write-Protect,World Trade Organisation etc.


This post explains about terms used in business such as wholesaling,Windfall ,Working hours,World Bank,Wow Factor,Writ Of Execution,Write-Protect,World Trade Organisation 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


wholesaling: businesses and individuals engaged in the activity of selling products to retailers, organizational users or other wholesalers. Selling for resale.


Widget - A small program which is run by certain computers. A small device, switch, gadget, etc., whose name is not known.


Wi-Fi - Wireless Fidelity. A wireless technology which enables computers, mobile phones, video games, etc., to be operated by using radio frequency.


Wind Farm - A large area of land, which has strong winds, on which a group of wind turbines are placed in order to produce electricity by driving generators.


The terms used in  business such as Wow Factor,Writ Of Execution,Write-Protect,World Trade Organisation  etcWindfall - A sudden, unexpected sum of money or piece of good fortune received by someone.


Window Dressing:It signifies the art of skill or arranging goods in an attractive way in shop windows.


Win-Win - Describes a situation or arrangement in which all parties benefit or profit.


WIPO / OMPI :World Intellectual Property Organization.


With Profits - Describes an insurance policy which pays the sum assured plus any bonuses which may have accumulated over the term of the policy.


Withdrawal / Mainlevée :Official deed or private agreement or a decision by a court of law withdrawing a replevin, cancelling a mortgage or an objection and conferring once again the authorisation in respect of the goods or right that had been suspended.


Withholding Tax - A tax on dividend or interest income that is withheld for payment of taxes in a host country. Payment is typically withheld by the financial institution distributing the payment.


Without prejudice - a term used by solicitors in negotiations over disputes where an offer is made in an attempt to avoid going to court. If the case does go to court no offer or facts stated to be without prejudice can be disclosed as evidence.


Without Recourse - A legal term written on a bill of exchange which signifies that the buyer accepts the risk of non-payment from a third party, rather than the seller.


word of mouse: word-of-mouth publicity on the Internet. Owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart


Word Processing:Word processing is the production of letters, digits, papers, documents and so on through the use of automated .electronic equipment. Using word processing, a user can quickly and easily convert his or her ideas into words. Work In Progress - Also called Work In Process. Work on a product, contract, etc., that a company has invested in but is not yet completed. A piece of music, art, etc., which is unfinished but may be available for viewing or listening.


Work Permit - A legal document which gives a person a right to employment in certain foreign countries.


Workaholic - A person who is addicted to work.


Working Capital - Also known as Net Current Assets. The amount of funds which are available to a company for everyday running costs, such as wages, rent, etc.


Working hours / Horaire d'ouverture :The time during which shops and offices are open for business.


Working Time Directive - Rules set by the European Union which limits the maximum number of hours in a working week, the minimum amount of annual leave and the minimum amount of rest period in a working day to which an employee is entitled.


World bank / Banque mondiale :The central bank, controlled by UN, that lends money to member states.


World Bank - An international organization created at Breton Woods in 1944 to help in the reconstruction and development of its member nations. Its goal is to improve the quality of life for people in the poorer regions of the world by promoting sustainable economic development. See also International Bank for Reconstruction and Development.


World Customs Organization (WCO) - An international organization whose function is the facilitation of trade between member states through the simplification and standardization of customs practices. The WCO was established in 1952 as the Customs Co-operation Council. This name was then changed in 1994 to the World Customs Organization. Today WCO provides regulations and standards to 176 Customs administrations worldwide.


World Economic Forum - WEF. Based in Geneva, Switzerland, an non-profit, international organisation which brings together politicians, business and education leaders from all over the world to discuss ways to improve economic and social growth, health and environment issues, etc.


World Intellectual Property Organization (WIPO) - An international organization focused on the protection of intellectual property. The WIPO administers 24 international treaties and is one of 16 specialized agencies of the United Nations. 184 nations are part of the WIPO and its headquarters is in Geneva, Switzerland.


World Trade Organisation - WTO. An international organisation, established in 1995, with more than 150 member nations, based in Geneva, Switzerland. The WTO monitors international trade, helping importers and exporters conduct their business, and provides assistance to developing countries.


World Wide Web:World Wide Web is the best-known area of the internet. The web includes an enormous collection of specially formatted documents known as web pages. These web pages are located at web sites around the world. Included in the web offerings are on-line databases, newspapers, magazines, library resources, and job and resume banks, sound and video files and many other information resources. A special system of codes (eg, HTML) is used to format these offerings.


Worldwide Tax System - A tax system that taxes worldwide income as it is repatriated to the parent company. It is utilized in Japan, the United Kingdom, and the United States.


Wow Factor - The instant appeal of a product, property, etc., which impresses and surprises people the first time they see it.


Wrap - The end of a film shoot when everything is finished, the set can be taken down and everyone can go.


Writ - A written order issued by a court of law which orders someone to do, or not do, something.


Writ Of Execution - A court order which ensures that a judgement is enforced.


Write-Off - In accounting, to reduce the book value of an asset, sometimes to zero, or cancel a debt which has not been, or is unlikely to be, paid.


Write-Protect - In computing, protect the data on a disk or file from being accidentally deleted or edited.


W-shaped recession - Also called a double-dip recession, essentially characterized by a recession whose recovery is interrupted by a further decline into recession, before final recovery.


WTO / OMC :The World Trade Organisation was created in 1947 under its old appellation "GATT" (General Agreement on Tariffs and Trade). The principal objective of the WTO is to promote international trade and put an end to protectionism. The WTO has over a hundred signatory countries. Currently, the WTO is seeking to remove tariff-related hurdles and to establish common regulations in order to bring about total trade liberalisation.


WTO Committee on Trade and Development (CTD) - A forum for discussion on a broad range of issues relating to the trade of developing countries.


WW-shaped recession - A recession which lurches from recovery back into recession several times, which given the implication of the need for such a term, contains more ups and downs than a triple-dip recession. As with many of the terms referring to types of recessions, the need for the terminology is produced more by finely balanced definitions of a recession, rather than the ups and downs of economic performance, which are generally happening anyway whether in growth or recession. It's all a matter of degree; i.e., where recessions are defined by very tiny degrees of contraction (as happens in modern times), then 'multiple dip' and convoluted letter-shaped terminology tend to be used more frequently.


The above details describes about terms called in business such as wholesaling,Windfall ,Working hours,World Bank,Wow Factor,Writ Of Execution,Write-Protect,World Trade Organisation 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 White Goods,White Collar Crime,White Knight , White Van Man,Wholesale Bank etc

Related posts about free online training on export trade:


How to import your product?
Click here to know HS code of your product
12 Major risks and solutions in Imports and Exports
Different types of export containers
How to get GSP certificate of origin in India?
Types of export containers
Foreign Trade Policy of India 2015-20
Wool and Woollens Export Promotion Council
Wool Industry Export Promotion Council
Tobacco Board
TEPC,Telecom Equipment and Services Export Promotion Council
How to obtain a duplicate BL, if original bill of lading lost.
How to obtain GSP - Certificate of Origin?
How to obtain Phyto sanitary certificate. What is phytosanitary certification
How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS
How to open an LC? Procedures to open a Letter of Credit
How to overcome credit risk in export business?
How to overcome Negative thoughts in export business
How to prepare an Export Invoice. Contents of Export commercial Invoice

Discussion Forum

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