International Trade Vocabulary

noun a disadvantage or problem that makes something less desirable or successful

• One drawback of the new software system is its lack of compatibility with older operating systems.
• The only drawback of the beach house is that it's a bit far from town.
• The main drawback of the job is the long hours and low pay.
• The drawback of always taking the easy way out is that you never truly challenge yourself to grow.

noun goods or cargo carried by a vessel or vehicle

verb to transport goods as freight

• The freight company specializes in transporting goods by land, sea, and air.
• I need to ship this package, do you know any good freight services?
• I heard you can get some good deals on freight if you know the right people.
• The weight of responsibility felt like a heavy freight on his shoulders.

noun a large ship or aircraft used to transport goods in bulk

• The freighter arrived at the port carrying a large shipment of goods.
• I saw a huge freighter docked at the harbor earlier today.
• That freighter is massive, dude!
• Her mind was like a freighter, carrying heavy thoughts and emotions.

noun a document issued by a bank or financial institution guaranteeing payment to a seller on behalf of a buyer

• The seller requested a letter of credit as a guarantee of payment from the buyer.
• The seller wanted a letter of credit to make sure they get paid by the buyer.
• The seller needed a letter of credit to cover their back with the buyer.
• The letter of credit acted as a safety net for the seller in the transaction.

noun the personnel of a merchant marine

• The merchant marine plays a crucial role in international trade by transporting goods across the seas.
• My cousin is thinking about joining the merchant marine to see the world while earning a living.
• I heard that the merchant marine life is tough but rewarding, with lots of time spent at sea.
• In the business world, having a strong network is like having a powerful merchant marine to transport your goods to new markets.

noun Ausexit

• The decision to Ausexit from the trade agreement was met with mixed reactions.
• I heard they're planning to Ausexit from the group chat because of all the drama.
• They really need to Ausexit that toxic relationship ASAP.
• Sometimes it's necessary to Ausexit from your comfort zone in order to grow.

noun a system or process of changing one currency into another for trading or travel purposes

• I need to visit a currency exchange to convert my dollars to euros.
• I'm going to the currency exchange to swap some cash.
• Let's hit up the currency exchange and get some foreign money.
• Learning a new language is like a currency exchange for your brain.

noun a type of financial agreement in which a buyer agrees to pay a seller at a later date for goods or services received

• The company requested an acceptance credit from the bank to facilitate international trade.
• The seller asked for an acceptance credit to make the transaction smoother.
• I heard they got an acceptance credit to seal the deal.
• In the world of business, having acceptance credit is like having a golden ticket.

noun a person or entity who accepts payment on behalf of another party in order to honor a financial instrument such as a bill of exchange or promissory note

• The bank appointed an acceptor for honor to ensure that the letter of credit would be honored.
• The bank got someone to accept for honor so that the payment would go through smoothly.
• The bank had a buddy step in as the acceptor for honor to make sure everything went as planned.
• She acted as the acceptor for honor in their group, always stepping up to help out when needed.