| Glossary of Export Import Trade Terms Starting with - T |
| Words |
Description |
| Tangibility |
Tangible assets are real assets that can be used as collateral to secure debt. |
| Tare Weight |
The weight of a container and packing materials without the weight of the goods it contains. |
| Tariff-Quota |
A tariff that is set at a lower rate until a specified quantity (the quota) of goods has been imported, at which point the tariff increases for additional imports. |
| Tariffs |
Taxes on imported goods and services, levied by governments to raise revenues and create barriers to trade. |
| Tax Arbitrage |
Arbitrage using a difference in tax rates or tax systems as the basis for profit. |
| Tax Clienteles |
Clienteles of investors with specific preferences for debt or equity that are driven by differences in investors’ personal tax rates. |
| Tax Haven |
A country or region imposing low or no taxes on foreign source income. |
| Tax Holiday |
A reduced tax rate provided by a government as an inducement to foreign direct investment. |
| Tax Neutrality |
Taxes that do not interfere with the natural flow of capital toward its most productive use. |
| Tax Preference Items |
Items such as tax-loss carry forwards and carry backs and investment tax credits that shield corporate taxable income from taxes. |
| Tax-Haven Affiliate |
A wholly owned affiliate that is in a low-tax jurisdiction and that is used to channel funds to and from the multinational’s foreign operations. (The tax benefits of tax-haven affiliates were largely removed in the United States by the Tax Reform Act of 1 |
| Technical Analysis |
Any method of forecasting future exchange rates based on the history of exchange rates. |
| Tenor |
Designation of a payment as being due at sight, a given number of days after sight, or a given number of days after date. |
| Territorial Tax System |
A tax system that taxes domestic income but not foreign income. This tax regime is found in Hong Kong, France, Belgium, and the Netherlands. |
| The Foreign Trade Data Bank |
Is the Indian Government's most comprehensive source of Foreign Trade Data and export promotion information. Types of information on the FTDB include: International Market Research, Export Opportunities; Indices of Foreign and Domestic companies. |
| Through Bill of Lading |
A single bill of lading covering both the domestic and international carriage of an export shipment. |
| Time Draft |
A draft that is payable on a specified future dare. |
| Time Value of an Option |
The difference between the value of an option and the option’s intrinsic value. |
| Timing Option |
The ability of the firm to postpone investment (or disinvestments) and to reconsider the decision at a future date. |
| Total Cash Flow |
Total cash inflow minus total cash outflow. |
| Total Quality Management (TQM) |
An organization-wide approach to continuously improving the overall quality of its process, products, and service. |
| Total Risk |
The sum of systematic and unsystematic risk (measured by the standard deviation or variance of return). |
| Trade Acceptance |
A time draft that is drawn on and accepted by an importer. |
| Trade Balance |
A country’s net balance (exports minus imports) on merchandise trade. |
| Trade Barrier |
A governmental policy, action, or practice that intentionally interrupts the free flow of goods or services between countries. |
| Trade Deficit |
A trade deficit occurs when the value of a country's exports is less than the value of its imports. |
| Trade Surplus |
A trade surplus occurs when the value of a country's exports is greater than the value of its imports. |
| Trade-in Allowance |
Price discount granted for a new item by turning in an old item at the time of purchase. |
| Trademark |
A registration process under which a name, logo, or characteristic can be identified as exclusive. |
| Trading Desk (Dealing Desk) |
The desk at an international bank that trades spot and forward foreign exchange. |
| Tramp Steamer |
A ship not operating on regular routes or schedules. |
| Transaction Exposure |
Changes in the value of contractual (monetary) cash flows as a result of changes in currency values. |
| Transaction Statement |
A document that delineates the terms and conditions agreed upon between the importer and exporter. |
| Transfer |
To take merchandise with zone status from a zone for consumption, transportation, exportation, warehousing, cartage or lighter age, vessel supplies and equipment, admission to another zone, and like purposes. |
| Transfer Prices |
Prices on intercompany sales |
| Transfer Pricing |
The price one unit of a company charges to another unit of the same company for goods or services exchanged between the two. |
| Translation (Accounting) Exposure |
Changes in a corporation’s financial statements as a result of changes in currency values. |
| Trust Receipt |
Release of merchandise by a bank to a buyer in which the bank retains title to the merchandise. |
| Trustee |
A bank or trust company that holds title to or a security interest in leased property for the benefit of the lessee, lesser, and/or creditors of the lesser. |
| Turnkey Contract |
An agreement in which a contractor is responsible for setting up a facility from start to finish for another firm. |
