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The charter usually conferred a trading monopoly upon the company in a specific
geographic area or for a specific type of trade item. The earliest English chartered
companies were the Merchant Adventurers (q.v.) and the Merchant Staplers.
The largest commodity exchange is the Chicago Board of Trade. The seller of a
futures contract on a commodity exchange does not normally intend to deliver the
actual commodity, nor does the buyer intend to accept delivery; each will, ...
With the cultural uniformity of the modern age, custom as a force of law retains its
validity, but in practice it has lost ground to common law. customs duty (
international trade): see tariff. customs union, a trade agreement by which a
group of ...
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For virtually all its 238 years,Britannica has ruled the shelves as a peerless general encyclopedia. Reviewers have consistently given it high marks for most of the 12 criteria identified inKister's ... Read full review