|World Trade Organization (WTO)|
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Definition of World Trade Organization (WTO)
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
Balance of Merchandise Trade
The difference between exports and imports of goods.
Balance of trade
Net flow of goods (exports minus imports) between countries.
Balance of Trade
See balance of merchandise trade.
Related: Program trades.
A large trading order, defined on the New York Stock Exchange as an order that consists of
The exchange of goods for other goods rather than for cash; barter.
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
International Bank for Reconstruction and Development - IBRD or World Bank
International Bank for Reconstruction and Development makes loans at nearly conventional terms to countries for projects of high
a flexible organization structure that
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
OPEC (Organization of Petroleum Exporting Countries)
A cartel of oil-producing countries.
a depiction of the functions, divisions,
the set of basic assumptions about
an entity’s legal nature (for example,
a cost incurred to support the ongoing
the manner in which authority and
Plan for reorganization
A plan for reorganizing a firm during the Chapter 11 bankruptcy process.
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.
Creating a plan to restructure a debtor's business and restore its financial health.
Restructuring of financial claims on failing firm to allow it to keep operating.
Entering the opposite side of a currently held futures position to close out the position.
Society for Worldwide Interbank Financial Telecommunications (SWIFT)
A dedicated computer network to support funds transfer messages internationally between over 900 member banks worldwide.
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.
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 draft addressed to a commercial enterprise. See:draft.
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.
A multilateral development finance agency created by the 1944 Bretton Woods, New
The International Bank for Reconstruction and Development, an international organization that provides long-term loans to developing countries to improve their infrastructure.
wealth The part of world wealth that is traded and is therefore accessible to investors.
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