International trade

International trade is exchange of capital, goods, and services across international borders or territories. . In most countries, it represents a significant share of gross domestic product (GDP). . Exchange of goods and services between countries
What Does Letter Of Credit Mean? A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

forfeiting
Method of export trade financing, especially when dealing in capital goods (which have long payment periods) or with high risk countries. In forfeiting, a bank advances cash to an exporter against invoices or promissory notes guaranteed by the importer's bank. The amount advanced is always 'without recourse' to the exporter, and is less than the invoice or note amount as it is discounted by the bank. The discount rates depends on the terms of the invoice/note and the level of the associated risk.

foreign exchange
Instruments, such as paper currency, notes, and checks, used to make payments between countries.
What Does Spot Price Mean? The current price at which a particular commodity can be bought or sold at a specified time and place.

Bill Of Exchange---- Bill of Exchange is the financial instrument drawn by a party on another person or entity to pay the amount payable as per that instrument to the drawer or such third parties named in that document. A check is a bill of exchanges drawn upon a banker consular
1 a state official living in a foreign city and protecting the state's citizens and interests there.

2 (in ancient Rome) each of the two annually elected chief magistrates who ruled the republic. any of the three chief magistrates of the first French republic (17991804).

What Does Export Mean?

A function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. The sale of such goods adds to the producing nation's gross output. If used for trade, exports are exchanged for other products or services. Exports are one of the oldest forms of economic transfer, and occur on a large scale between nations that have fewer restrictions on trade, such as tariffs or subsidies.

duty1.something that one is expected or required to do by moral orlegal obligatio

n.2.the binding or obligatory force of something that is morally orlegally right; mor al or legal obligation. 3.an action or task required by a person's position oroccupation; function: the duties of a cl ergyman.