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

Merchant´s credit

A letter of credit issued by the buyer himself. Contains no commitment whatever on the part of a bank. See letter of credit.

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MERCOSUR

The Mercado Común del Sur (Southern Common Market) is an economic and commercial group of countries is South America comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela with associate countries like Chile, Bolivia, Colombia, Ecuador and Peru. Its purpose is to promote free trade and the fluid movement of goods, people, and currency till…

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