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

Discount

A deduction from an amount due to given consideration of such circumstances as prompt or early payment or an order of unusually large quantity. Selling a receivable or accepted draft at a price below face amount for net present value….

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Discrepancies

In the context of letters of credit, discrepancies arises when documents presented under a letter of credit do not conform to the terms of the credit; generally an error, contradiction or omission related to the documents constitutes the discrepancy. The…

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Discrimination

In international trade, inequality of treatment accorded to imports from different countries, such as preferential tariff rates for imports from particular countries or trade restrictions targeted against particular countries.

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Dispatch money

An incentive payment offered by a shipowner or a charterer in exchange for completing loading or unloading in less time than is specified in the charter party contract. This time is often calculated as a number of lay days (laytime)….

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Distortion

When prices and production are higher or lower than levels that would usually exist in a competitive market.

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