Tooltip Categories: Economics & Finance

farmers coop

A cooperative where farmers pool their resources in certain areas of activity to reduce costs and become more competitive.

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face value

The value of a coin, stamp or paper money, as printed on the coin, stamp or bill itself by the minting authority. The face value

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external audit

Periodic or specific purpose audit conducted by independent and qualified accountants. (read more: http://www.businessdictionary.com/definition/external-audit.html)

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express mail

An accelerated delivery service for which the customer pays a surcharge and receives faster delivery. (source: http://en.wikipedia.org/wiki/Express_mail)

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expire

If something that lasts for a fixed length of time expires, it comes to an end or stops being in use. (source: http://dictionary.cambridge.org/dictionary/british/expire_1)

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factoring

Factoring is the sale of commercial accounts receivable invoices to a buyer, or factor, at a discount, in order to obtain cash on the invoices,

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exchange-traded fund

An ETF is a type of fund which owns the underlying assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides

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exclusive agreement

A type of agreement whereby a person is made to be the sole agent for selling a particular product or service within a specific market

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