Import/Export

Bill of Entry
A bill of entry is a legal document submitted by the importer or exporter to customs, detailing the nature, quantity, and value of goods being imported or exported.
Foreign Trade Zone
A Foreign Trade Zone (FTZ) is a designated, enclosed area near a port where goods can be stored, inspected, packaged, or undergo other processes without the assessment of duties or customs fees.
Packing List
A packing list is a detailed statement of the contents of a container, typically included within the container, used for counting and matching quantities of merchandise by the person who opens the container.
Pier to House Shipping
Pier to house shipping refers to the transportation of goods from the storage location at the shipping port directly to the consignee's specified location, typically their home or business.
Trade War
A Trade War is a conflict involving two or more countries aimed at improving their own import/export positions by imposing tariffs or other trade barriers against each other.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.