The Rules for Respecting Property Rights as They Relate to Trade

question 25

True/False

The rules for respecting property rights as they relate to trade were negotiated during the Uruguay Round (1986-1994)and culminated in the Trade-Related Aspects of Intellectual Property Rights (TRIPS)agreement.

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Definitions:

Average Daily Float

The average amount of uncollected funds represented in checks or other negotiable instruments over a specified period.

Lockbox System

A service provided by banks to accelerate collection of payments by having those payments sent to a special post office box rather than to the company.

Treasury Bills

Represent short-term government securities issued at a discount from the par value and mature without interest payments.

Collection Time

The typical period it takes for a company to receive payments due from its clients.