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2. Give the definitions to the following terms:

1) trade bill - a bill of exchange drawn on and accepted (trade acceptance) by a trader in payment for goods.

2) cash discount - a discount granted to a purchaser who pays before a stipulated date.

3) dumping - offering for sale large quantities of (goods) on foreign markets at low prices in order to maintain a high price in the home market and obtain a share of the foreign markets.

4) market value - the amount obtainable on the open market for the sale of property, financial assets, or goods and services.

5) protectionism – the idea that a government should try to help an industry in its country by taxing foreign goods that compete with it, limiting the number that can be imported and the actions that it takes to do this.

6) laissez-fair - the doctrine of unrestricted freedom in commerce, esp for private interests .

7) letter of credit - a letter issued by a bank entitling the bearer to draw funds up to a specified maximum from that bank or its agencies.

8) Ex works term s– the price excluding the cost of delivery from the factory and sometimes excluding the commission or profit of the distributor or retailer.

3. Give Russian equivalents to the following terms:

1) directmarketing-персонализированный маркетинг.

2) marketchallenger- рыночный претендент.

3) consignment- партия отправленного товара.

4) owe– задолжать.

5) productivitybargaining- коллективные переговоры о производительности труда.

6) FAS(freealongsideship)terms-"свободен [от ответственности, когда груз доставлен] на борт корабля".

7) billoflading–коносамент.

8) mortgagerate- процентная ставка по закладной.

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