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CIP

CIP (Carriage and Insurance Paid To) is a commonly used trade term in international commerce. It refers to a contract between the seller and buyer, where the seller bears the cost and risk of transporting the goods to the agreed upon destination. This includes not only the carriage of the goods, but also the cost of insurance. CIP is often used in conjunction with a named point, indicating the exact location where the goods will be delivered. It is important to understand this term when engaging in global trade, as it outlines the responsibilities of each party and helps to avoid any misunderstandings or disputes.

Market If Touched

A resting order may be placed with a floor broker, which will then become a market order that is executed once the trigger price is traded. This allows for a more controlled...

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Optional Cash Purchase

Investors can choose to purchase more shares through a dividend reinvestment account, also known as a DRIP. This allows for the automatic reinvestment of dividends into addi...

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Foreign trade zone (also FTZ)

A foreign trade zone, also known as a free trade zone or bonded warehouse, is a designated area near ports of entry where imported goods can be stored and manipulated withou...

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Expert Systems

Expert systems are highly specialized systems that are driven by rules and are not able to adapt to new information. In contrast, neural networks have the ability to learn f...

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