A clause in a loan agreement stating that more than one currency may be used in paying or redeeming the loan.
Read MoreMultidomestic strategy
A multidomestic strategy is an international marketing approach that chooses to focus advertising and commercial efforts on the needs of a local market rather than taking a more universal or global approach. This means that companies employing this marketing strategy will seek…
Read MoreMultilateral agreement
A international agreement involving three or more parties. For example, the GATT (General Agreement o Tariffs and Trade) has been, since its establishments in 1947, seeking to promote trade liberalization through multilateral negotiations. See also bilateral trade agreement.
Read MoreMultimodal transport
Transport by more than one means. For instance, in door-to-door transport one might use ground transport for pre-carriage to the port or airport on the seller´s side, main carriage by vessel or air to the arriver point on the buyer´s…
Read MoreMultimodal transport bill of lading
Bill of lading for carriage whenever there are at last two different forms of transport, such as shipping by rail and by sea. See bill of lading.
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