Different levels of
governments may, when it is advantageous
for them to do so, provide goods and services
to one another.
A provision of Section 8
of the Clayton Antitrust Act that prohibits
corporations from reducing competition by
having the same directors or officers.
Sometimes called interlocking agreements.
See also: Clayton Act (The Clayton Anti-Trust
Act) (US Law).
Raw or processed materials,
or component pieces, that are purchased and
used to manufacture a final finished product.
Sometimes called Industrial Good.
The use of two or more modes of
freight (e.g., truck to rail).
Internal Rate of Return
An efficiency measure of
return promised by an investment project over
its useful life; it is sometimes referred to
simply as yield on a given project. The internal
rate of return is determined by finding the
discount rate that equates the present value
of a project's cash outflow with the present
value of its cash inflow. In other words, the
internal rate of return is the discount rate that
will cause the net present value of a project to
be equal to zero.
process the extent and cost of which cannot
be determined until the item is disassembled
and evaluated. By definition, an internal repair
must contain labor and parts.
Internal Service Fund
A type of proprietary fund
that accounts for the financing of goods or
services provided by one department or entity
to other department or entity units or to other,
separate entities on a cost-reimbursement
basis (e.g., central warehousing, central data
processing, and central printing and
duplicating). See also: Proprietary Fund,
International Commercial Terms (Incoterms)
Terms published by the International
Chamber of Commerce (ICC) that are globally
recognized terms for moving goods
internationally. These terms define the
responsibilities of and risks to both the buyer
and seller, including while the merchandise is
in transit. Incoterms apply to goods that cross
International Monetary Fund (IMF)
organization of 190 member countries with
the purpose of facilitating international trade,
securing financial stability, promoting
employment and economic growth, fostering
global monetary cooperation, and reducing
International Organization for Standardization (ISO)
An international nongovernmental
organization composed of representatives
from assorted national standards
organizations that encourage the international
trade of goods and services through the
development and promotion of standards,
testing, and certification.