A B C D E F G H I J K L M N O P Q R S T U V W Y Z

Application

In a letter of credit, instructions from the applicant to the issuing bank to open it.

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Application to qualify

An application by a supplier to be included in an agency’s pre-qualified suppliers list. A supplier must prove it has the capability and capacity to deliver specific types of goods, services, or works to be included in the list.

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Appraisement

Determination of the dutiable value of imported merchandise by a customs official who follows procedures outlined in their country´s tariff.

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Appreciation

In foreign exchange, an increase in the value of the currency of one nation in relation to currencies of other nations.

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