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Abbreviations: CCCN: Customs Cooperation Council Nomenclature CPI: Consumer price index EC: European Communities ECU: European Currency Unit EEC: European Economic Community EU: European Union LDC: Least Developed Country FDI: Foreign Direct Investment FIR: Factor intensity reversal FTA: Free trade area GATT: General Agreement on Tariffs and Trade GDP: Gross domestic product GMO: Genetically modified organism ICA: International commodity agreement ITA: International Trade Administration ITC: International Trade Commission NAFTA: North American Free Trade Agreement NGO: Non-governmental organization NIC: Newly Industrializing Country NTB: Nontariff barrier MNC: Multinational Corporation MNE: Multinational Enterprise OECD: Organization for Economic Co-operation and Development SDR: Special Drawing Right TRIP: Trade-Related Intellectual Property Rights UNCTAD: United Nations Conference on Trade and Development VER: Voluntary export restraint WTO: World Trade Organization Abandonment value: The value of a project if the project's assets were sold externally; or alternatively, its opportunity value if the assets were employed elsewhere in the firm.ABC method of inventory control: Method that controls expensive inventory items more closely than less expensive items.asset allocation) or between individual securities (i.e. Ad valorem tariff: A tariff assessed as a percentage of the value of an import.Additional paid-in capital: Funds received by a company in a sale of common stock that are in excess of the par or stated value of the stock.It is the net present value of a project using the all-equity rate as a discount rate.The effects of financing are incorporated in separate terms.Absolute advantage: The ability to produce a good at lower cost, in terms of labor, than another country.An absolute advantage exists when a nation or other economic region is able to produce a good or service more efficiently than a second nation or region.
Active fund management: An investment approach that actively shifts funds either between asset classes (i.e. Activity ratios: Ratios that measure how effectively the firm is using its assets.
Absolute-priority rule: The rule in bankruptcy or reorganization that claims of a set of claim holders must be paid, or settled, in full before the next, junior, set of claim holders may be paid anything.
Absorption and balance of trade: Total demand for goods and services by all residents (consumers, producers, and government) of a country (as opposed to total demand for that country's output).
Accommodating transaction: In the balance of payments, a transaction that is a result of actions taken officially to manage international payments; in contrast with autonomous transaction.
Thus official reserve transactions are accommodating, as may be short-term capital flows that respond to expectations of intervention.