Español
FrançaisA vessel registered under the flag of a particular country. Some counties support their merchant marine industry by limiting certain types of cargo to vessel registered in their nationality such as government-financed purchases of foreign aid. See also preferential cargo.
Read MoreFlag of convenience
A ship registered under the flag of a country (like Cyprus or Liberia) that offers a minimal degree of control in the areas of taxes, crew and safety requirements.
Read MoreFlagship store
In retail business the designation of flagship is given to a retailer’s primary location, a store in a prominent location, a chain’s largest store, the store that holds or sells the highest volume of merchandise, a retailer’s most well-known location,…
Read MoreFloating currency
One whose value in terms of foreign currency is not kept stable (on the basis of the par value or a fixed relationship to some other currency) but instead is allowed, without a multiplicity of exchange rates, to be determined…
Read MoreFloating exchange rate
A rate of exchange that is determined by market forces. See also clean float and dirty float.
Read More
