CABLE Definition

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CABLE is the London dollar/sterling foreign exchange market - now outdated but still used by insiders.

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EMC (EXPORT MANAGEMENT COMPANY) is a private company that serves as the export agent for manufacturers, being paid by commission or retainer. Merchandise is not normally purchased by the EMC.

LUMP-SUM is an agreed upon sum of money, which is paid in full settlement all at one time.

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