International Chamber of Commerce (ICC)

Definition:

A business organization with membership from over 80 countries. They work to harmonize trade practices worldwide by establishing agreed upon rules such as Incoterms and Uniform Customs and Procedures for Documentary Credits.

Investing Essentials


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

Term of the Day

Wind bond

Wind bond is a type of Catastrophic Bond. The bond's payout is linked to the losses incurred from natural wind-related catastrophes such as hurricane, typoon, or monsoon.

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


Create your free portfolio