Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

EXPONENTIAL SMOOTHING

Finding changes in data but ignoring fluctuations that have no influence. Older data is given less considerations while newer is more important. AKA averaging.

EXPORT CREDIT GUARANTEE

Insurance to cover an exporter from nonpayment by the importer. It has an ad valorem fee that considers credit worthiness of the importer.

EXPORT DECLARATION

A form for customs the exporter done at the port to describe the exports and be a control document. An export license or certificate of origin is needed as well.

EXPORT IMPORT BANK (EXIM BANK)

An agenc that gives insurance against losses for nonpayment. It promotes foreign trade. They may also offer marine insurance, post shipment discounts, pre shipment advances, and locating new markets.

EXPORT LICENSE

A document the government agency needs for export of technologies, prohibited material, dangerous material, stragetic material, or goods that are in short supply.

EXPORT MERCHANT

An importer that buys directly from a foreign party to repackage and sell the brand.

EXPORT PROCESSING ZONE (EPZ)

A free trade zone for developing country to promote exports. Incentives are offered to do the same as well. AKA development economic zone or special economic zone.

EXPORT PROMOTION

An incentive program that attracts firms into exporting. Help is offered to get their business and promote it.

EXPORT QUOTA

A restriction on exports to protect local business for shortages, maintain international business, and create a restraint agreement.

EXPORT SUBSIDY

When the government offers help to exporters for service subsidy, cash rebate, or a cash drawback. It promotes fair competition.

EXPORTER

The party that makes the export declaration document. They sell for another party in another country.

EXPORTER’S SALE PRICE

The term for foreign goods to be sold to the US. Its done to allows a comparison with market value or similar goods to prevent dumping.

EXPORTS

A product that is sold to other countries by the original country. Refer to export.

EXPRESS AGREEMENT

A contract between parties that lets them declare intentions and contract them.

EXTENDED COVERAGE

The amount covered by the current insurance under normal circumstances. It is bought to help cover what is left and covers all possibe loss.

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