Your browser doesn't support HTML5 audio
| Definition | : | Terms of Trade |
| Category | : | Business » Business Terms |
| Country/ Region |
: | Worldwide
|
| Popularity | : |
|
| Type | : |
Initialism
|
Terms of Trade (TOT) is an economic indicator that represents the ratio of a country's export prices to its import prices.
TOT is a measure used in international trade to assess the exchange of goods and services between two countries.
A higher TOT indicates that a country's export prices are relatively higher compared to its import prices. This situation is considered advantageous for the country because it implies that, for a given volume of exports, the country can purchase a larger quantity of imports.
In other words, a higher TOT suggests that the country is getting more value or purchasing power for the goods and services it exports.
|
Total
Business Terms
|
|
|
Transfer of Technology
Business Terms
|
|
|
Transient Occupancy Tax
Rules & Regulations
|
|
|
Tip-Of-the-Tongue
Language & Linguistics
|
|
|
TransObturator Tape
Treatments & Procedures
|
|
|
Time of Travel
Land Transport
|
|
|
TurnOver Time
Business Terms
|
|
|
Time On Target
Military
|
|
|
Totnes
Railway Station Codes
|
|
|
Tears of Themis
Games & Entertainment
|
|
|
TurnOver Time
Healthcare
|
|
|
Telephone Organization of Thailand
Companies & Corporations
|
|
|
Trail of Tears
History & Geography
|
|
The full form of TOT is Terms of Trade
Total | Transfer of Technology | Terms of Trade | TurnOver Time | Telephone Organization of Thailand
Total | Transfer of Technology | Transient Occupancy Tax | Terms of Trade | Tip-Of-the-Tongue | TransObturator Tape | Time of Travel | TurnOver Time | Time On Target | Tears of Themis | TurnOver Time