EXPORT BROKER Definition

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EXPORT BROKER is an entity that brings together foreign buyers with domestic manufacturers for a fee, generally providing little other services. An EMC, who is also a middleman, often provides extensive services to complete the transaction as well.

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WITHOUT PREJUDICE is to come to agreement without negating the right or ability to take some form of action in the future, e.g. a legal case can be settled without prejudice, allowing for future legal action if desired by one or more of the parties to the settlement.

REPOSSESSION is the action of regaining possession, e.g. the seizure of collateral securing a loan that is in default.

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