Trading TermsRevocable documentary credit Shapiro-Wilkes Test Uncovered Option Mapping Entry Funding
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 without payment of customs duties. This allows for the storage, sale, and processing of foreign and domestic merchandise, such as raw materials and finished goods, before they are either re-exported or brought into the country. Duties are only imposed when the goods leave the zone and enter an area under the jurisdiction of the national customs authority. These zones play a crucial role in facilitating international trade and promoting economic growth.
Related terms
Understand the meaning and definition of Revocable documentary credit in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Shapiro-Wilkes Test in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Uncovered Option in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Mapping in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Entry in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Funding in the context of stock market, trading, and investments.
MORE
Explore other categories
10 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments
Get the link to download the App
