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			Account - 




fjrigjwwe9r0logisticsglossary:definition
A banking or brokerage arrangement for services on a continuing basis.
Related Terms: Account - brokerage | services |

Commercial Letter of Credit -

fjrigjwwe9r0logisticsglossary:definition
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 -

fjrigjwwe9r0logisticsglossary:definition
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 -

fjrigjwwe9r0logisticsglossary:definition
A written order to draw from an account for the payment of a debt.
Related Terms: Draft - account | debt | tenor |

Electronic Funds Transfer (1) -

fjrigjwwe9r0logisticsglossary:definition
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) -

fjrigjwwe9r0logisticsglossary:definition
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 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 -

fjrigjwwe9r0logisticsglossary:definition
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 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 -

fjrigjwwe9r0logisticsglossary:definition
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 -

fjrigjwwe9r0logisticsglossary:definition
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 -

fjrigjwwe9r0logisticsglossary:definition
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 -

fjrigjwwe9r0logisticsglossary:definition
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.