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FrançaisThe increase of the value (restoration) of a nation´s currency (that had once been devalued) in terms of the currency of another nation.
Read MoreRevenue ton (R/T)
A unit measure used in marine transport to compare the volume and weight of a shipment. Freight rates are usually expressed in terms of cost per revenue ton. There are three different formulas in general use for determining the total…
Read MoreReverse logistics
Activities associated with a product/service after the point of sale. The ultimate goal of reverse logistics is to optimize or make more efficient aftermarket activity, thus saving money and environmental resources. Some services included in reverse logistics are: Customer service (helpdesk)….
Read MoreReverse option
An auction where suppliers bid the price down in competition with each other. Reverse auctions commonly take place over the internet.
Read MoreRevocable L/C
A letter of credit that can be cancelled or changed by any party at any time without the consent of any other parties. At present there are not revocable L/C; all of them are irrevocable. See letter of credit.
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