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FrançaisThe price paid or payable for a good or service.
Read MoreTransfer of ownership
The act of point in place or time at which ownership of a thing is passed from one person to another. In international trade, this usually specified in the international sale contract by statements like: “Seller and buyer agree that…
Read MoreTransfer pricing
Transfer prices are those charged for intracompany movement of goods and services. Firms need to make transfer-pricing decisions when goods are transferred from the headquarters to the subsidiaries in another countries. This transfer prices are important because goods transferred from…
Read MoreTransferable letter of credit
A letter of credit where de beneficiary specified in the credit has the option of instructing his bank to transfer the credit fully or in part to another beneficiary. A letter of credit can be transferred if it is expressly…
Read MoreTransit zone
The area surrounding a port of entry in a coastal country that serves as a storage and distribution center for the convenience of a neighbouring country – a landlocked country, for example – lacking adequate port facilities or access to…
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