Business / Agriculture / Cargo Preference: The Cargo Preference Act (P.L. 83-664) requires that whenever the federal government pays for equipment, material, or commodities shipped to other countries, a minimum percentage of the gross tonnage shipped by sea must go by U.S. flag vessels. Cargo preference requirements have been an issue in U.S. international food aid and export subsidy programs.
Cargo Noun Synonyms: shipment, consignment, shipload, truckload, wagon-load, load, trainload, carload, freight, goods, merchandise
Preference Verb Synonyms: favourite, choice, selection, desire, option, pick
Business / Agriculture / Cargo Preference Act: P.L. 83-644 (August 26, 1954), as amended, contains permanent legislation concerning the transportation of waterborne cargoes in U.S.-flag vessels. The Act requires that 75% of the volume of U.S. agri MORE
Business / Accounting / Preference Shares: This is a type of share issued by a limited company. It carries a medium risk but has the advantage over ordinary shares in that preference shareholders get the first slice of the dividend 'pie' (but MORE