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Definition of Trade draft
A draft addressed to a commercial enterprise. See:draft.
The difference between exports and imports of goods.
Net flow of goods (exports minus imports) between countries.
See balance of merchandise trade.
A draft addressed to a bank.
A guaranteed form of payment which is issued in amounts over $5,000.
Money owed to the bank in a cheque account where payments exceed receipts.
Related: Program trades.
A large trading order, defined on the New York Stock Exchange as an order that consists of
Demand for payment.
The exchange of goods for other goods rather than for cash; barter.
An unconventional order in writing - signed by a person, usually the exporter, and addressed to the
A guaranteed form of payment which is issued in amounts over $5,000 (also see bank draft).
1) A bond in default trades flat; that is, the price quoted covers both principal and unpaid,
A member who generally trades only for his own account, for an account controlled by him or
A transaction in which the settlement will occur on a specified date in the future at a price
The absence of any government restrictions, such as tariffs or quotas, on imports or exports.
trades in which an investor believes he or she possesses pertinent
trades that are the result of either a reallocation of wealth or an implementation of an
North American Free Trade Agreement (NAFTA)
an agreement among Canada, Mexico, and the United States establishing the North American Free trade Zone, with a resulting reduction in trade barriers
The amount by which a check or other payments exceeds the funds on deposits.
Is an agreement with the Bank or Financial Institution to cover overdrafts. This service will typically involve a fee and be limited to a pre-set maximum amount.
A short-term source of credit which allows you to overdraw on your account up to a pre-established limit. For example, overdraft protection spares customers both the cost and the personal embarrassment of NSF cheques. Overdraft protection is attached to your PCF Chequing Account.
System whereby a depositor may write cheques in excess of the balance, with the bank automatically extending a loan to cover the shortage.
Payable through drafts
A method of making payment that is used to maintain control over payments made
Personal Overdraft Facility
A loan facility on a customers account at a financial institution allowing the customer to overdraw up to a certain agreed limit for an agreed period.
Prices after the decision to trade.
Prices occurring before or at the decision to trade.
Also called basket trades, orders requiring the execution of trades in a large number of
Publicly traded assets
Assets that can be traded in a public market, such as the stock market.
A member of the exchange who executes frequent trades for his or her own account.
Entering the opposite side of a currently held futures position to close out the position.
Demand for immediate payment.
The purchase and sale of a foreign currency, commodity, or other item for immediate delivery.
Terms of trade
The weighted average of a nation's export prices relative to its import prices.
Terms of Trade
The quantity of imports that can be obtained for a unit of exports, measured by the ratio of an export price index to an import price index.
Demand for payment at a stated future date.
A verbal (or electronic) transaction involving one party buying a security from another party. Once a
Written demand that has been accepted by an industrial company to pay a given sum at a future date.
Credit granted by a firm to another firm for the purchase of goods or services.
In an interest rate swap, the date that the counterparties commit to the swap. Also, the date on
Deficit on the balance of merchandise trade.
A firm which deals in actual commodities.
A term used for channel stuffing in the domestic tobacco industry.
Debt levels are chosen to balance interest tax shields against the costs of financial distress.
Trade on top of
trade at a narrow or no spread in basis points relative to some other bond yield, usually
Persons who take positions in securities and their derivatives with the objective of making profits.
World Trade Organization (WTO)
the arbiter of global trade that was created in 1995 under the General Agreement on Tariffs and trade; each signatory country has one
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