Search results for keyword: unofficial
informal organization
unofficial Organizations
unofficial organizations are those which have not been formally established or registered with a governing body. They may be a single person or a large group of people who come together for a common goal. unofficial organizations have a variety of uses and have come to ex......
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restrictive pricing
Demand curves for many basic but important products or services often have a very different shape or slope than the hypothetical demand curve advocated by traditional economics. Just as a practical example, consider the demand for electricity in many former Soviet bloc nations. A communist governm......
neutral document
Neutral Documentation
Neutral documentation refers to the verification of non-party documents which are provided to facilitate foreign trade. In the course of international trade, the parties involved may produce a variety of documents to accompany the sale of goods and complete the trade, such a......
black market price
Introduction
The black market, also known as “gray economics” or “underground economy”, refers to the illegal transaction of goods and services, with prices being determined by the buyers and sellers. It stands in contrast to regulated and legal markets, where the prices are fixed and transac......
indirect guarantee
Indirect Guarantee
An indirect guarantee is an unofficial promise to uphold the obligations of another person. It does not involve legal or financial obligations. Instead, an indirect guarantee is based on an individuals integrity and honor. This type of guarantee is sometimes used in a business ......
syndicated loan
A Consortium Loan is an innovative finance solution for small businesses, organizations and projects that require more capital than one lender can feasibly provide. It is an unofficial term for a collective effort among multiple lenders to provide funds for a single borrower to meet his or her fin......
Pacific Economic Cooperation Conference
Pacific Economic Cooperation Council
The Pacific Economic Cooperation Council (PECC) is an international organization made up of government, business and academic leaders from the Asia-Pacific region. Established in 1980, its goal is to promote economic cooperation and trade between the Asia-Paci......
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