Tooltip Categories: Economics & Finance

customs

The official department responsible for monitoring imported goods, border control capacities, and collecting duties.

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customs duty

A governmenrt tax on imports and exports. (source: http://www.thefreedictionary.com/customs+duty)

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damage

Injury or harm impairing the function or condition of a person or thing. (source: http://www.wordreference.com/definition/damage)

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damages

Compensation in money imposed by law for loss or injury. (source: http://www.merriam-webster.com/dictionary/damage)

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customer base

Group of customers that a business serves. In the most situations, a large part of this group is made up of repeat customers with a

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customer loyalty

Customers exhibit customer loyalty when they consistently purchase a certain product or brand over an extended period of time. (source: http://lexicon.ft.com/Term?term=customer-loyalty)

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customer portfolio

Group of customers that a business serves. In the most situations, a large part of this group is made up of repeat customers with a

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currency basket

The value of a portfolio of specific amounts of individual currencies, used as the basis for setting the market value of another currency. It is

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currency depreciation

A decrease in the level of a currency in a floating exchange rate system due to market forces. (source: http://www.investopedia.com/terms/c/currency-depreciation.asp)

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current account

Form of transactional account that offers various flexible payment methods to allow customers to distribute money directly to others. Most current accounts come with a

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