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Balance of trade
Balance of tradeCom. law. The difference between the exports and importations, between two countries. The balance of trade is against that country which has imported more than it has exported, for which it is debtor to the other country. RELATED TERMS-------------------------------------- Law A rule or body of rules of conduct inherent in human nature and essential to or binding upon human society. The learned profession that is mastered by graduate study in a law school and that is responsible for the judicial system. Difference A dispute, contest, disagreement, quarrel. Balance Com. law. The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts. Trade In its most extensive signification this word includes all sorts of dealings by way of Bale or exchange. In a more limited sense it signifies the dealings in a particular business, as the India trade; by trade is also understood the business of a particular mechanic, hence boys are said to be put apprentices to learn a trade, as the trade of a carpenter, shoemaker, and the like. Country By country is meant the state of which one is a member. Debtor Debtor or obligor. The person who has engaged to perform some obligation. The word obligor, in its more technical signification, is applied to designate one who makes a bond. SIMILAR TERMS-------------------------------------- Balance Com. law. The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts. Balance sheet A statement made by merchants and others to show the true state of a particular business. A balance sheet should exhibit all the balances of debits and credits, also the value of merchandize, and the result of the whole PREVIOUS AND NEXT TERMS-------------------------------------- Bailor Contracts. He who bails a thing to another. Bair-man Scottish law. A poor insolvent debtor left bare. Bairn's part Scottish law. Children's part a third part of the defunct's free movables, debts deducted, if the wife survive, and a half if there be no relict. Bait and switch In consumer fraud, advertising a low cost item and then steering the customer to a higher priced item when they come to buy, claiming the low priced item was "sold out." Balance Com. law. The amount which remains due by one of two persons, who have been dealing together, to the other, after the settlement of their accounts. Balance of trade Balance sheet A statement made by merchants and others to show the true state of a particular business. A balance sheet should exhibit all the balances of debits and credits, also the value of merchandize, and the result of the whole Baliva A bailiwick or jurisdiction. Balivo amovendo English practice. A writ to remove a bailiff out of his office. Ballastage Martial law. A toll paid for the privilege, of taking up ballast from the bottom of the port. This arises from the property in the soil. Ballot Government. A diminutive ball, a little ball used in giving votes; the act itself of giving votes. A little ball or ticket used in voting privately, and, for that purpose, put, into a box, (commonly called a ballot-box,) or into some other contrivance. We thank you for using the Juridical Dictionary to search for Balance of trade. If you have a better definition for Balance of trade than the one presented here, please let us know by making use of the suggest a term option. This definition of Balance of trade may be disputed by other professionals. Our attempt is to provide easy definitions on Balance of trade and any other medical topic for the public at large.
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