CommCyclopedia
The Commerce Dictionary
• ADVERTAINMENT •
A term used to reflect the intertwining relationships between advertising and entertainment. Typically, it refers to media that combines various forms of entertainment (television, movies, songs, etc.) with elements of advertising to promote products or brands.
For Example: Agencies have argued that advertainment is now needed because television viewers today are skipping commercials entirely with digital video recorders.
• ARBITRAGE •
It is the purchase and sale of an asset in order to get profit from a difference in the asset’s price between markets.
For Example: The broker decided to use arbitrage techniques to buy foreign stocks at a discount and quickly unload them in the US.
• BITCOIN •
It is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments.
For Example: If bitcoin becomes successful, the way anarchists and hackers like it, it will be extremely hard to centralize money ever again.
• BUNDLING •
The selling of different items, typically of hardware or software, together as a package.
For Example: Service bundling, frequent change, and customization put severe pressure on legacy product catalogues
• CONSIGNOR •
A person or a firm (usually the seller) who delivers a consignment to a carrier for transporting it to a consignee (usually the buyer) named in the transportation documents. The ownership (title) of the goods remains with the consignor until the consignee pays for them in full. Also spelled as consigner.
For Example: An artist has an arrangement with a gallery to sell his paintings. The artist is the consignor and the gallery is the consignee.
• DOWNTICK •
A small decrease or slight downward trend.
For Example: ” A downtick in the unemployment rate is welcome news”
• DEMURRAGE •
A charge payable to the owner of a chartered ship on failure to load or discharge the ship within the time agreed.
For Example: Owners claimed demurrage pursuant to clause 8 of the charterparty.
• EMBARGO •
A government order imposing a trade barrier; prevent commerce ; ban the publication as for security or copyright reasons.
For Example: Within five hours the Senate had passed the Embargo Bill and sent it to the House
• FLEDGLING •
A person or organization that is immature, inexperienced, or underdeveloped.
For Example: A New York businessman accused of defrauding a fledgling broadway production has been held without bail.
• FURLOUGH •
A furlough is a temporary, unpaid leave of absence by the employees due to special needs of the company or the employer, arising either out of the economic conditions of the employer or of the economy as a whole.
For Example: Rejoining his regiment, then in the garrison at Auxonne, after a furlough of twenty-one months, the young officer went through a time of much privation, brightened only by the study of history and cognate subjects.
• HUCKSTER •
A person who sells small items door-to-door or from a stall.
For Example: Be in China, everyone does the big huckster that flowers trade, not knowing the person is coming forth.
• MERCANTILISM •
It is an economic policy that is designed to maximize the exports and minimize the imports for an economy.
For Example: England developed many colonies under mercantilism in order to increase its trading territory.
• NICHE •
A job or position that is very suitable for someone, especially one that they like.
For Example: He has carved/made a niche for himself as a financial advisor.
• NOVATION •
It is the act of replacing a legitimate existing contract with a new contract, where the transfer is mutually agreed by both parties concerned.
For Example: As the engineer’s one year contract came to an end, he made a novation with a different company for a fulltime position instead of renewing.
• PHISHING •
The fraudulent practice of sending emails purporting to be from reputable companies in order to induce individuals to reveal personal information, such as passwords.
For Example: ID theft is an economic problem, phishing is a people problem — these are not technological problems.
• TRACTATOR •
A person who handles or transports merchadise on behalf of an investor or an entrepreneur.
For Example:
• TRET •
An allowance according to weight granted to purchasers for waste due to transportation. It is calculated after deduction for tare.
For Example: When it comes to a question of tare and tret, false sentiment must be excluded.
• VIREMENT •
An administrative transfer of budgetary funds.
For Example: The council may use the virement procedure to transfer money from one area of expenditure to another.
• CONTRABAND •
Goods that have been imported or exported illegally.
For Example: Customs men had searched the carriages for contraband.