meaning of trade discount
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What is a trade discount? What is a trade discount? A trade discount is a reduction to the published price of a product. For example, a high-volume wholesaler might be entitled to a 40% trade discount, while a medium-volume wholesaler is given a 30% trade discount. A retail customer will receive no trade discount and will have to pay the published or list price. The use of trade discounts allows for having just one published price for each product. The sale and purchase will be recorded at the amount after the trade discount is subtracted.
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What is a trade deficit and what effect will it have on the stock market? A trade deficit, which is also referred to as net exports, is an economic condition that occurs when a country is importing more goods than it is exporting. The deficit equals the value of goods being imported minus the value of goods being exported, and it is given in the currency of the country in question.
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balance of trade balance of trade - the difference in value over a period of time of a country's imports and exports of merchandise; a nation's balance of trade is favorable when its exports exceed its imports. trade balance, trade gap, visible balance.
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Retailing Quiz 4 cash discount. is a discount offered to the retailer for the prompt payment of bills-stated as 2/10, net 30, which means that a 2-percent discount is given if payment is received within 10 days of the invoice date and the net amount is due within 30 days.
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Trade Balance What it is: The trade balance, also known as the balance of trade (BOT), is the calculation of a country's exports minus its imports. When a country imports more than it exports, the resulting negative number is called a trade deficit. When the opposite is true, a country has a trade surplus.
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- determine the actual cost price. No entry for trade or cash. discount. Trade discount. When a business buys goods from a factory or wholesaler, trade discount is. allowed because the goods are bought for resale. No entry is completed for the trade discount.
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Trade credit insurance Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default ...
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trade the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries: domestic trade; foreign trade. 2. the act of buying, selling, or exchanging stocks, bonds, or currency: Stock brokerages typically charge a commission per trade.
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Definitions &Translations dis′kownt, n. a sum taken from the reckoning: a sum returned to the payer of an account: a deduction made for interest in advancing money on a bill.—v.t. Discount′, to allow discount: to advance money on, deducting discount: to put a reduced value on, as in an extravagant statement or fabulous story.—v.i. to practise discounting.—adj. Discount′able.—ns.
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Definitions &Translations Webster Dictionary(0.00 / 0 votes)Rate this definition: 1  Discount. 2  Discount. 3  Discount. 4  Discount. 5  Discount(verb) to lend, or make a practice of lending, money, abating the discount; as, the discount for sixty or ninety days.
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- DETERMINE TRADE DISCOUNT, CASH DISCOUNT AND COST PRICE OF GOODS PURCHASED Cost price less trade discount Subtract trade discount from cost price to determine actual cost price. No entry for trade discount Cost price less trade discount less cash discount if the goods are paid immediately a) Subtract trade discount from cost price. b) Subtract cash discount from answer calculated in (a) to determine the actual cost price. No entry for trade or cash discount. Trade discount When a business buys goods from a factory or wholesaler, trade discount is allowed because the goods are bought for resale. No entry is completed for the trade discount. Deduct the trade discount from the price to determine the actual purchase price that the business will pay. Trade discount is deducted from the purchase price before the entry is
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Definition of 'Clearing Price' Definition of 'Clearing Price'. Definition: Clearing price is that price of a commodity or a security at which the market clears a commodity or a security. Quantity supplied is equal to quantity demanded and buyers and sellers conduct the trade. Description: A price is a specific monetary value associated with a security or a commodity.
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About Municipal Bonds Answer. Market discount generally exists when a bond is purchased on the secondary market at a price below par. Market discount is the difference between the purchase price of a bond and its stated redemption price at maturity.
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Discounts and allowances Trade discounts are given to try to increase the volume of sales being made by the supplier. The discount described as trade rate discount is sometimes called trade discount. Trade discount is the discount allowed on retail price of a product or something. for e.g.
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What is invoice discounting? What is invoice discounting? Invoice discounting is probably the simplest form of invoice finance. As with all types of invoice finance, with invoice discounting you sell unpaid invoices to a lender and they give you a cash advance that’s a percentage of the invoice’s value. Once your customer has paid the invoice, the lender pays you the remaining balance minus their fee.
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- As of January 31, 2007, we reserved approximately $1,510,000 for allowances for customer chargebacks and trade discounts. We terminated our Factoring Agreement on July 31, 2007. For shipments subsequent to July 31, 2007, we have assumed the credit risk for all of our trade receivables.s of January 31, 2007, we reserved approximately $1,510,000 for allowances for customer chargebacks and trade discounts. We terminated our Factoring Agreement on July 31, 2007. For shipments subsequent to July 31, 2007, we have assumed the credit risk for all of our trade receivables.
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DEDUCTION Meaning: A discount from the list price of a commodity allowed by a manufacturer or wholesaler to a merchant. Classified under: Nouns denoting possession and transfer of possession. Hypernyms (trade discount is a kind of...): deduction; discount (an amount or percentage deducted)
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- trade. 1  the act or process of buying, selling, or exchanging commodities, at either wholesale or retail, within a country or between countries: domestic trade; foreign trade. 2  the act of buying, selling, or exchanging stocks, bonds, or currency: Stock brokerages typically charge a commission per trade. 3  a purchase or sale; business deal or transaction.
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What is a 'Discount' DEFINITION of 'Discount'. The condition of the price of a bond that is lower than par. The discount equals the difference between the price paid for a security and the security's par value.Next Up.he discount equals the difference between the price paid for a security and the security's par value.
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Discounting The discount is usually associated with a discount rate, which is also called the discount yield. The discount yield is the proportional share of the initial amount owed (initial liability) that must be paid to delay payment for 1 year.he discount, or charge, is the difference (expressed as a difference in the same units (absolute) or in percentage terms (relative), or as a ratio) between the original amount owed in the present and the amount that has to be paid in the future to settle the debt.
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- Define trade discount (noun) and get synonyms. What is trade discount (noun)? trade discount (noun) meaning, pronunciation and more by Macmillan Dictionary
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tradeoff An exchange of one thing in return for another, especially relinquishment of one benefit or advantage for another regarded as more desirable: a fundamental trade-off between capitalist prosperity and economic security (David A. Stockman).
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Net D net 10 days) are forms of trade credit which specify that the net amount (the total outstanding on the invoice) is expected to be paid in full and received by the seller within 10, 15, 30 or 60 days after the goods are dispatched or service is completed.
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Retail Trade Retail Trade. a component of domestic trade and the concluding phase of the circulation of personal consumption, in which goods and services are sold in exchange for the monetary income of the population.he retail trade system also includes the kolkhoz trade. In the cities, retail trade is carried on primarily by special state trade organizations of the ministries of trade of the USSR and the Union republics, and in the countryside, by the consumer cooperatives.
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What is a 'Trade Deficit'? The trade balance is the largest section of the current account and measures the income that a country receives from its exports and the payment it makes for its imports. A country that exports more than it imports will have a trade surplus since the inflow of currency is greater than the outflow of currency.
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