Business / Agriculture / Import Quotas: A quantitative limit placed on the importation of specific commodities. The protection afforded by quotas is more certain than can be obtained by imposing import duties as the effect of the latter will depend on the price elasticities of the imported commodities. Quotas, like tariffs, can also be used to favor preferred sources of foreign supply. Quotas may be specified as an absolute limit or changed from year to year in response to changes in domestic supply and demand.
Import Adjective Synonyms: introduce, bring in
Import Verb Synonyms: meaning, sense, denotation, signification, gist, drift, thrust, intention, implication, purport, connotation, suggestion, allusion, intimation
Business / Agriculture / Import Quota: A trade barrier that sets the maximum quantity (quantitative restriction) or value of a commodity allowed to enter a country during a specified time period. The Uruguay Round Agreement on Agriculture MORE
Business / Finance / Import Substitution Development Strategy: The expected volatility in a stock's return derived from its option price, maturity date, exercise price, and riskless rate of return, using an option pricing model such as Black-Scholes. MORE