- trade
- /treɪd/ noun1. the business of buying and selling♦ adverse balance of trade situation when a country imports more than it exports● The country had an adverse balance of trade for the second month running.♦ to do a good trade in a range of products to sell a large number of a range of products2. a particular type of business, or people or companies dealing in the same type of product● He’s in the secondhand car trade.● She’s very well known in the clothing trade.♦ to ask a company to supply trade references to ask a company to give names of traders who can report on the company’s financial situation and reputation■ verbto buy and sell, to carry on a business● We trade with all the countries of the EU.● He trades on the Stock Exchange.● The company has stopped trading.● The company trades under the name ‘Eeziphitt’.▪▪▪‘…a sharp setback in foreign trade accounted for most of the winter slowdown. The trade balance sank $17 billion’ [Fortune]▪▪▪‘…at its last traded price, the bank was capitalized around $1.05 billion’ [South China Morning Post]▪▪▪‘…with most of the world’s oil now traded on spot markets, Opec’s official prices are much less significant than they once were’ [Economist]▪▪▪‘…the London Stock Exchange said that the value of domestic UK equities traded during the year was £1.4066 trillion, more than the capitalization of the entire London market and an increase of 36 per cent compared with previous year’s total of £1.037 trillion’ [Times]▪▪▪‘…trade between Britain and other countries which comprise the Economic Community has risen steadily from 33% of exports to 50% last year’ [Sales & Marketing Management]
Dictionary of banking and finance. 2015.