Dictionary of International Trade

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Dictionary of International Trade

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
Pa Pe Ph Pi Pl Po Pr Pu
Pre Pri Pro
Pric Prim Prin Prio Priv

Principal

1. In international contracts, an individual or legal entity who authorizes another party (agent, sales representative) to act on the principal´s behalf.

2. In bank collections, the party entrusting the handling of a collection to a bank.

Related entries

  • T/T Telegraphic transfer
  • WIPO
  • Without reserve
  • Without prejudice
  • Warranty
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Dictionary of International Trade

Practical Guide to Incoterms

Dictionary of International Trade

Key definitions of over 1500 useful international trade terms. More than 1000 weblinks and 500 acronyms and abbreviations

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