terms of trade

pl n

economics, British the ratio of export prices to import prices. It measures a nation's trading position, which improves when export prices rise faster or fall slower than import prices

Nearby words

  1. termiting,
  2. termless,
  3. termor,
  4. terms,
  5. terms of service,
  6. termwise,
  7. tern,
  8. tern foot,
  9. terna,
  10. ternary

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012