ETC Definition

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ETC (EXPORT TRADING COMPANY) is a private company that usually purchases items from domestic manufacturers, then sells them to foreign markets. The difference between an EMC and an ETC is sometimes insignificant, i.e., an EMC may occasionally take title of goods, while an ETC may sometimes work strictly on commission without purchasing the goods. The difference is what the company normally does.

Learn new Accounting Terms

IRR see INTERNAL RATE OF RETURN.

DESIGNATED RECEIPTS is that revenue which is identified for a specific purpose.

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