Due Process of Law
The legal principle of fair
treatment that states that a citizen cannot be
denied life, property, or liberty, and a business
cannot be treated arbitrarily or unfairly
without the appropriate safeguards and legal
procedures contained in the Fifth and
Fourteenth Amendments to the U.S.
An action that occurs when a business
or country exports a large quantity of goods at
a lower price in a foreign market rather than
the price paid in a home market.
A category of consumer goods that do
not wear out quickly, typically lasting for three
years or more.
A public auctioning structure in
which the initial price is in excess of the
amount buyers are expected to be willing to
pay. The price is then lowered in steps until a
buyer is found who is willing to pay the current
Imported or exported good upon
which duties are to be imposed.
The customs imposed on articles taken out
of or into a country.