Cairns Group



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Cabotage - shipping

Coast-wide water transportation, navigation or trade between ports of a nation. Many nations, like the U.S., have cabotage laws which require domestic owned vessels to perform domestic interport water transportation service.


CADEX - Canada

An electronic data interchange (EDI) system of¬fered by the Canada Revenue Agency (CRA) allowing importers and brokers to file customs accounting docu¬ments (B3) form electronically


Cairns Group

An informal association of agricultural exporting coun¬tries established in August 1986. Members include Argen¬tina, Australia, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Guatemala, Indonesia, Malaysia, New Zea¬land, Pakistan, Paraguay, the Philippines, South Africa, Thailand and Uruguay


Call - banking

A demand of payment on a loan, often as a re¬sult of noncompliance on the part of the borrower to the terms and conditions of the loan


Call in A Contract - law

(a) Demanding payment on a contract. A seller, for example, may be entitled under the contract terms to de¬mand payment at the time the goods are ready to ship

(b) Submitting a formal, usually written, notice to collect pay¬ment on a contract. A seller who has not received pay¬ment, for example, may send a written letter to the buyer demanding remittance of the funds owed—that is calling in the contract.


Call Money – banking / finance / foreign exchange

Currency lent by banks on a very short-term basis, which can be called the same day, at one day’s notice or at two days’ notice. Called overnight money in Great Britain and Federal Hinds in the United States


Call Option – banking / finance / foreign exchange

The right (but not the obligation) to buy a fixed amount of a commodity, secu¬rity or currency from the option writer (option seller) at a predetermined rate and/or exercise price within a specified time limit – option - put option - American Option - Euro¬pean Option


Calvo Doctrine - foreign investment

The Calvo Doctrine (or principle) holds that jurisdiction in international investment disputes lies with the country in which the investment is located; thus, the investor has no recourse but to use the local courts. The principle, named after an Argentinian jurist, has been applied throughout Latin America and other ar¬eas of the world.


Cap – banking / fmance / foreign exchange

On borrowed funds with an interest rate which is tied to the market rate, an up¬side limit or cap can be agreed upon, i.e. against payment of a premium, an upper interest rate limit is agreed upon, which will not be exceeded even if the market rate rises above the stated level


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