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Pur Put

Purchase order

A purchaser´s written offer to a supplier formally stating all terms and conditions of a proposed transaction. Sometimes, in a certain number of international trade operations, international sale contracts are not made. In these cases, it is usual to confirm…

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Purchasing agent

An agent that purchases goods in his/her own country on behalf of foreign purchasers that are his/her clients. The purchasing agent represents and buys a specific kind of products within a specific territory. Also called buying agent. Model of International…

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Purchasing power parity (PPP)

An economic theory that estimates the amount of adjustment needed on the exchange rate between countries in order for the exchange to be equivalent to each currency’s purchasing power. The PPP is calculated as: S = P1 / P2, where…

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Put option

A contract which entitles one party (exporter or importer), at his option, to sell a specific amount of currency to another party (usually a bank), at a price fixed in the contract, within a specified time limit. See American option;…

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