What is Trade Date Accounting Trade date accounting is an accounting method company accountants and bookkeepers use to record transactions. Trade date accounting records the transaction as of the date at which an agreement has been entered (the trade date), instead of on the date the transaction has been finalized (the settlement date). However, if
What Is Trade Finance? Trade finance represents the financial instruments and products that are used by companies to facilitate international trade and commerce. Trade finance makes it possible and easier for importers and exporters to transact business through trade. Trade finance is an umbrella term meaning it covers many financial products that banks and companies utilize to
What Was TradeHill Exchange? TradeHill Exchange, also called TradeHill, was a Bitcoin exchange launched in June 2011 by Jered Kenna, an early Bitcoin enthusiast. It was among the first Bitcoin and cryptocurrency exchanges. Unfortunately, the exchange was shuttered in August 2013. Key Takeaways TradeHill Exchange was an early player in the Bitcoin community, offering a
What Is Trade Liberalization? Trade liberalization is the removal or reduction of restrictions or barriers on the free exchange of goods between nations. These barriers include tariffs, such as duties and surcharges, and nontariff barriers, such as licensing rules and quotas. Economists often view the easing or eradication of these restrictions as steps to promote free
What Is a Trade Line? A trade line is a record of activity for any type of credit extended to a borrower and reported to a credit reporting agency. A trade line is established on a borrower’s credit report when a borrower is approved for credit. The trade line records all of the activity associated
What Is a Trademark? The term trademark refers to a recognizable insignia, phrase, word, or symbol that denotes a specific product and legally differentiates it from all other products of its kind. A trademark exclusively identifies a product as belonging to a specific company and recognizes the company’s ownership of the brand. Trademarks are generally
What Is Trade Price Response? Trade price response is a trade entry or exit technique based on what the price of a security does after it reaches a key price level. The key price levels are typically resistance and support areas identified by the trader. After the security has reacted to the level, the security’s
What Is Trade Resumption? Trade resumption usually refers to the commencement of trading activities after they have been shut down or halted for some period of time, but may also refer to the resumption of trade between nations. Key Takeaways Trade resumption is the commencement of trading activities after they have been shut down for
What Is a Trade Sanction? Trade sanctions are legal restrictions on trade with a country. Trade sanctions are a subcategory of economic sanctions, which are economic penalties imposed on a country to accomplish policy goals beyond the sanctioned economic activity. Key Takeaways Trade sanctions are restrictions on trade with a country for reasons of foreign
What Is a Trade Secret? A trade secret is any practice or process of a company that is generally not known outside of the company. Information considered a trade secret gives the company a competitive advantage over its competitors and is often a product of internal research and development. To be legally considered a trade secret
