外贸英语术语解释(英文版).docVIP

Term Definition A Abandonment The act of relinquishing claim or right to property About About, Approx., and Circa are terms which when used in a letter of credit, are construed to allow a difference not to exceed 10% more or 10% less than the monetary amount, or the quantity, or the unit price stipulated in the letter of credit. Absolute Advantage An advantage of one nation or area over another in the costs of producing an item in terms of used resources. Absorption 1. An economic term for the total expenditures by a nations residents on goods and services.2. The assumption by one carrier of the charges of another without any increase in the charges to the shipper. Accelerated Tariff Elimination The reduction of import duties faster than originally had been agreed upon or projected. Acceptance 1. A draft calling for payment at a future date which the drawee has agreed to pay by signing Accepted on the draft. 2. An unconditional assent to an offer; or an assent to an offer conditioned on only minor changes that do not affect any material terms of the offer; 3. An agreement to purchase goods on specified terms. 4. Receipt of a shipment by a consignee thus terminating the liability of the carrier for delivery. Acceptance Letter Of Credit A letter of credit which instead of agreeing to pay the beneficiary immediately upon presentation of documents, requires presentation of a time draft drawn by the beneficiary upon the issuing bank or another bank. However, the beneficiary may, in effect, obtain prompt payment by discounting the draft. Accepted Draft A draft or a bill of exchange accepted by the drawee (acceptor) by putting his signature and accepted on its face. In doing so, he commits himself to pay the bill upon presentation at maturity. Accepting Bank A bank which by signing accepted on a time draft accepts responsibility to pay when the draft becomes due. Acceptor The party that signs accepted on a draft or obligation, agreeing to pay the stated sum at maturi