Customs union

Definition

An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University


Term of the Day

Managing underwriter
The leading firm in an underwriting group, which originates the deal and acts as an agent for the group.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!

Create your free portfolio