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Financial terms in "International Trade"


2. trade surplus

3. Customs Broker

4. Balance of trade

5. European Free Trade Association

6. Trade balance

7. European Community

8. external trade


10. customs seal

11. balance of payments surplus

12. quota system

13. Export-Import Bank

14. Protectionism

15. Most Favored Nation

16. fair trade

17. import penetration

18. free trade

19. Invisibles

20. Certificate of Origin

21. Trade Agreement

22. Trade War

23. EEA

24. World Trade Organization

25. open economy

26. Quota

27. Countertrade

28. protective tariff

29. Inland Revenue

30. External market

31. import quota

32. Dumping

33. bilateral trade

34. Customs Duty

35. landing order

36. anti-dumping

37. WTO

38. General Agreement on Tariffs and Trade

39. European Economic Area

40. United Nations Conference on Trade and Development


42. BOT

43. economic sanctions

44. counterpurchase

45. EEC

46. border tax adjustment

47. visible

48. trade deficit

49. offshoring

50. GATT

51. Customs Union

52. one-way trade

53. Countervailing Duty

54. Import Duty

55. Organisation for Economic Co-operation and Development

56. Advising bank

57. forfaiting

58. debtor nation

59. common market

60. clearance certificate

61. Export Credit Guarantee Department

62. MFN

63. Exports

64. tariff

65. Free Port

66. invisible trade

67. trade barrier

68. OECD

69. Balance of payments

70. balance of payments deficit

71. customs entry point

72. import surcharge

73. free trade area

74. exportation

75. EC

76. EFTA

77. anti-dumping duty

78. international trade

79. Landed Costs

80. Notifying Bank

81. customs barrier

82. Country risk

83. free trade zone

84. embargo

85. creditor nation

86. import

87. BOP

88. Bonded Warehouse

Featured term of the day

Definition / Meaning of

Highest And Best Use

Categories: Real Estate,

Key appraisal and zoning principle employed in valuing any parcel of land or property. Since the value of a property and its use are closely linked, its highest and best use is that which results in the highest present value, and brings in the greatest net return over a given period or the foreseeable future - within the applicable constraints. The value of, and return on, a property are related to its surrounding environment so its use has to be consistent with the neighboring land use. Because a property's value is influenced by the local competitive and political forces, the timing of the property development is another critical factor. And, especially in metropolitan areas, where a property can be put to several different uses, its combination of uses is very important. A highest and best use appraisal must take these four factors into consideration: (1) legal permissibility, (2) physical possibility, (3) financial feasibility, and (4) maximum productive use. However, even the most detailed appraisal is simply a considered opinion of an appraiser, not the final word.

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