An agency of the United Nations established in 1948 to promote international free trade. GATT was actively involved in coordinating issues related to multilateral quotas and tariffs, export restraints, and intellectual property

Accounting for expenditures not directly associated with goods or services production. Money spent in operating a business for typical things, such as rent, salaries, telephone charges, and the like.

A variable of potential lessening in overall administrative costs when analyzing outcome as companies combine following an acquisition. Typically, less cost is expected once the companies combine. Contrasts to costs of independently

In cases of negligence, to set standard care by taking into account variables in a set way of doing things .

Now largely replaced by (refer to) relevant institute cargo clause, it is a provision to share risk, damages and expenses incurred in proportion to the value of exposed cargo. It is a

Combined from several business purposed credits. Reforestation, research and starting a pension plan are aggregate tax allowances.

Household goods or office furniture are not classified as generable transportable goods.

Transport cargo rate charged by a carrier. Although discounted special class fee or a commodity fee from the carrier may be available, this cargo does not qualify.

Transports. Ships that move packaged merchandise from one location to another. Vital to international trade, these transports are specifically designed for this purpose due to the vast range of cargo materials to

COLLATERAL in the REPURCHASE AGREEMENT market that is in abundant supply and which does not therefore allow a repurchase agreement borrower to obtain a lower than normal borrowing rate. See also SPECIAL.

All commodities have the same, general rate applied, typically priced by bulk unit, unless otherwise specified. Also called an in-transit commodities rate .

Usually in a spec’s book or in associated architectural drawings of a contract, these contract conditions set the rights and responsibilities of the parties involved as well as the minimum contractor performance

One prime contractor accountability for the entire project is set in this construction contract.

One prime contractor requirements on accountability for the entire project are set in the construction contract. Delivery and payment terms, breach-of-contract and prescribed remedies are examples of some of the requirements covering

Primary person or firm solely accountable to perform a contract. This primary typically supervises activities and coordinates the use of subcontractors .

A senior partner in a law firm or the firm’s full time employee who is a senior lawyer representing a firm.

Protects the insurer from liability for damage to insured persons or property caused by criminal activity. Excludes a business or its employees from coverage if doing a criminal activity. An addendum to

Personal property depreciation calculation method. Declining balance method exposes the non-depreciated balance to a depreciation rate.

Generally impacting everyone in an industry or market in a similar way, these legal, political, and social circumstances are factors and conditions.

Surpluses or shortages are mitigated by buyers and sellers as decision makers on demand and supply requirements in all market situation.