words

Trade Glossary

martin's picture

Advance Against Documents (AAD) - A loan made on the security of the actual documents covering a shipment.
Asian Dollars - U.S. funds deposited in banks in Asia and the Pacific Basin.
Balance of Trade - The difference between a country’s total imports and exports; if exports exceed imports, a favorable balance of trade exists; if not, a trade deficit is said to exist.


Submitted by martin on Fri, 03/14/2008 - 14:13. categories [ ]