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			Account - 




A banking or brokerage arrangement for services on a continuing basis. 













	
	
Related Terms: Account - brokerage | services |

Commercial Letter of Credit - A letter from a bank or lending institution that authorizes an account holder to draw drafts within set limits, and requires the repayment of such drafts by the account holder.

Related Terms: Commercial Letter of Credit - account | debt | draft | letter of credit | loan |

Cradle-to-Grave - Logistics planning, design, and support which takes in to account logistics support throughout the entire system life cycle.

Related Terms: Cradle-to-Grave - life cycle | logistics | lust-to-dust |

Draft - A written order to draw from an account for the payment of a debt.

Related Terms: Draft - account | debt | tenor |

Electronic Funds Transfer (1) - Electronic movement of data between banks which results in a value transfer between accounts. Acronym: EFT Reference: ECRC University of Scranton / Defense Logistics Agency Source: Corporate EFT/Financial EDI Conference, Resource Book , 1994

Related Terms: Electronic Funds Transfer (1) - commerce | data | electronic commerce | electronic data interchange | financial | interchange | trade |

Electronic Funds Transfer (2) - EFT is a technology (one of the electronic commerce technologies) that allows the transfer of funds from the bank account of one person or organization to that of another. EFT is also used to refer to the action of using this technology. It is an important addition in the organization Acronym: EFT Reference: ECRC University of Scranton / Defense Logistics Agency

Related Terms: Electronic Funds Transfer (2) - commerce | data | electronic commerce | electronic data interchange | financial | interchange | trade |

Environment Policy - Given policy competence in the Single European Act (SEA), but a policy concern since 1972 through a series of five-year action programmes. The main principles are that the polluter must pay the costs of environmental rehabilitation, prevention rather than cure, and the environment taken into account in all EC policy Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

Related Terms: Environment Policy - international | trade |

ES2 - An ESA. European System of Integrated Economic Accounts, set up to aid the development of an information system in connection with the internal market. Acronym: ES2 Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

Related Terms: ES2 - international | trade |

Irrevocable Letter of Credit - A letter of credit that may only be revoked if the account holder fails to meet the terms of credit; a guaranteed letter of credit.

Related Terms: Irrevocable Letter of Credit - account | debt | draft | letter of credit | loan |

Letter of Credit - A letter from a bank or lending institution that authorizes an account holder to draw drafts within set limits, and requires the repayment of such drafts by the account holder. Acronym: LOC

Related Terms: Letter of Credit - account | debt | draft | commercial letter of credit | loan |

SEAMOS - Sea Environmental Monitoring System, an SECA/SECB/SECS. the national accounts domain on CRONOS. Acronym: SEAMOS Reference: Professor Derek Urwin, Department of Politics and International Relations, University of Aberdeen, Aberdeen, U.K., http://www.abdn.ac.uk/~pol028/index.htm

Related Terms: SEAMOS - international | trade |


Unless otherwise indicated, all entries in the LogisticsWorld Logistics Glossary are copyright 1997, Matthew D. Cox, logistics@logisticsworld.com.

 

WWW Virtual Library of Logistics
Ver 4, Sep, 1999, Matthew D. Cox, logistics@logisticsworld.com
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Copyright 1995, 1996, 1997, 1998, 1999 MDC, All rights reserved.