BOOKING Definition

BOOKING, in import / export, is an arrangement with a shipping company to load and carry a shipment.

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CURRENT COUPON is the coupon for a recently issued bond that reflects the prevailing level of interest rates, with the result that the bond is priced at or close to par value.

SUBVENTION is the provision of assistance or financial support such as an endowment or a subsidy from a government or foundation.

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