Duty-free trading zone and commercial area around a free port.

For a person or entity that brings coinage metal to the mint to be pressed, the legal coinage that results.

Currently, more often referred to as DDP or Delivered Duty Paid. Describes shipper accountability for all transportation fees other charges until the goods reach the buyer’s premises.

This means to have the right to have some land or property whenever you wish to.

Unrestrained business activities, governed only by market forces of demand and supply . Unfettered by government interference of controls and regulations. Also known as capitalism.

This means that you the right to enter on and travel on land as often as you want to.

While enjoying insurance coverage, a new policy-owner is allowed to review and return a policy for full refund of the paid premium. Typically, a 10-day period. Known also as free […]

Useful item of consumption . Naturally in abundant supply. Needs no conscious effort to obtain it. An example is air. Contrast to an economic good. Demand and human effort is […]

Includes carriage plus cost of offloading per port custom and excludes loading cost plus stowage and lashing cost, as required. Together this is the freight rate .

These are the articles and goods that have no duties charged to them

Another name for free examination period .

Lower power, improved surface finish, minimizes small metal chips, and longer tool life are machining operations characteristics of such a metal alloy. for example, a free machining type of copper […]

Only the forces of demand and supply constrain deals of buyers and sellers that they wish to make. Example is a stock market. Also refer to market economy and open […]

Consumer incentive from offering an additional amount of a good.

Keeping some firms afloat using drawbacks, grants, subsidies, tax breaks, and other such means. Intended to bolster depressed area with (1) jobs, (2) specific industries like agriculture or defense, (3) […]

Exclusion statement, typically in marine insurance policies. A special, separate policy is necessary to cover excluded losses in situations such as warlike hostile acts, rebellion, mutiny, and civil strife.

A sale of goods ” free on board ” imports that they are to bedelivered on board the cars, vessels, etc., without expense to the buyer for packing,cartage, or other […]

1. Up to getting goods on ship in the port of departure as specified by the buyer, all charges are included. Known also as collect freight , freight collect, or […]

Pricing term for the seller putting goods on a railroad car, or truck in the US, without any extra charge at a named loading point. Known also as free on […]

the ability we have to travel a highway or a road without being hindered.

Imported merchandise may be stored duty-free pending re-export or duty-paid entry into the importing country in this free-trade zone around a port area. Examples are Hong Kong, Isla Margarita, Panama, […]

Free reserves level in an economy indicates available bank credit . Bank’s funds in excess of required monies under the Fractional Reserve System . Excess is available for lending or […]

Contributing little or nothing to the effort, a person who enjoys the benefits from a collective effort.

Without incurring any charge or fee, a stockholder or shareholder can transfer shares to someone else.

These are the people owning stock in a building and loan association that are not borrowers.