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.

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BLUE SKY LAW is a law providing for state regulation and supervision of the issuance of investment securities.

SCRAP VALUE see SALVAGE VALUE.

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