(ECONOMICS) the effective ratio whereby a country exchanges its goods with those of another country. Hence, a country that exports (say) mostly coffee and chocolate has to import almost everything else; if the price of chocolate and coffee declines, the country has no choice but to increase production of both, further reducing the price of both on world markets, and increasing the relative cost of everyhting it imports.
Terms of trade are determined notionally by the forex markets, but more fundamentally by (a) the markets for commodities, and (b) the ability of the country to finance transitions to other, higher-priced export goods.
Terms of trade are determined notionally by the forex markets, but more fundamentally by (a) the markets for commodities, and (b) the ability of the country to finance transitions to other, higher-priced export goods.
Terms of trade typically lead to very high real exchange rates for currencies like the Indian rupee.
by Abu Yahya May 18, 2010
Get the terms of trademug. a compliment that I heard about you that I offer to trade for a compliment you have heard about me; can be redeemed at a later date or used as an installment for the future (as in, when someone hears something nice about you, if you have given them a trade-last, they are bound to tell you the compliment you received but weren't around to receive it)
Me: "Hey! I heard Peggy thought your butt looked great in those jeans."
You: "Wow, really? That's awesome!"
Me: "Yeah, that's a trade last, so now you have to tell me next time someone says something good about me."
You: You got it!
(six months later)
You: "Hey! I heard Peggy thought your butt looked great in those jeans."
Me: "Wow, really?"
You: "Yeah! That Peggy sure is obsessed with butts."
Me: "She's not very discerning, either."
You: "Wow, really? That's awesome!"
Me: "Yeah, that's a trade last, so now you have to tell me next time someone says something good about me."
You: You got it!
(six months later)
You: "Hey! I heard Peggy thought your butt looked great in those jeans."
Me: "Wow, really?"
You: "Yeah! That Peggy sure is obsessed with butts."
Me: "She's not very discerning, either."
by Swass! II September 23, 2010
Get the trade lastmug. by Richard Black March 14, 2005
Get the carriage trademug. Possibly the most baneful show on Fox Television Network. The rules of show are as follows:
1. Two families switch maternal figures for two weeks.
2. The first week the wife must oblige to the families routine activities and procedures.
3. The second week the wife may implement her guidelines and etiquette which must be adhered to by the brood to which she is a transient among.
4. Post-switch the families are reunited, each bearing a letter from the opposite wife. Along with this letter is $50,000 which is do be distributed according to the will's contained in the letter.
This show wontedly unites polar opposite family structures each week to see how the chaotic situations that are inevitable ensue playout.
1. Two families switch maternal figures for two weeks.
2. The first week the wife must oblige to the families routine activities and procedures.
3. The second week the wife may implement her guidelines and etiquette which must be adhered to by the brood to which she is a transient among.
4. Post-switch the families are reunited, each bearing a letter from the opposite wife. Along with this letter is $50,000 which is do be distributed according to the will's contained in the letter.
This show wontedly unites polar opposite family structures each week to see how the chaotic situations that are inevitable ensue playout.
Person 1- Hey did you watch Trading Spouses last night?
Person 2- No. I was busy doing something more appealing, eating pead laint.
Person 2- No. I was busy doing something more appealing, eating pead laint.
by Dyer Hater December 28, 2005
Get the Trading Spousesmug. by quantum May 13, 2005
Get the trade memug. A description of a woman wearing tight and/or revealing clothing, with (un)suitable hair, makeup, shoes and jewellry, making her appear like a prostitute seeking clients.
The term does not imply that she actually is a working girl, merely that she is dressed blatantly to attract men; it can be used perjoratively by other women about somneone they assess as better dressed or more attractive than themselves - the object of their ire does not necessarilty look sleazy or cheap.
The term does not imply that she actually is a working girl, merely that she is dressed blatantly to attract men; it can be used perjoratively by other women about somneone they assess as better dressed or more attractive than themselves - the object of their ire does not necessarilty look sleazy or cheap.
"Oh my God, look at Kitty ! I mean, boots, fishnets and a miniskirt ?"
"That bitch is dressed for trade, you'd better get Mike out of here, they used to date and she's obviously on the prowl again."
"That bitch is dressed for trade, you'd better get Mike out of here, they used to date and she's obviously on the prowl again."
by Eighth of Seven April 9, 2009
Get the Dressed for trademug. Veronica and Liz got drunk at a bar, danced at a club, and then came home to spend the rest of the night trading tacos.
by Samaximus March 7, 2009
Get the trading tacosmug.