BUSINESS ACRONYMS | Part 3

NAFTA = enacted in 1994 and created a free trade zone for Mexico, Canada, and the United States, is the most important feature in the U.S.-Mexico bilateral commercial relationship

no charge = free of charge, without any payment due, for free NSF = or insufficient funds, is the status of a checking account that does not have enough money to cover all transactions NYSE = nicknamed "The Big Board", an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization. overhead = too much ОРЕС = a cartel of 13 countries, founded on 14 September 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), accounted for an estimated 44 percent of global oil production and 81.5 percent of the world's proven oil reserves, giving it a major influence on global oil prices that were previously determined by the so-called "Seven Sisters" grouping of multinational oil companies. out of stock = (of goods) unavailable for immediate sale in a shop per = for each (used with units to express a rate) e.g. "he charges £2 per square yard" PLC = five distinct stages: product development, market introduction, growth, maturity, and decline price to earnings ratio = the dollar amount an investor can expect to invest in a company in order to receive $1 of that company's earnings return on equity = a measure of financial performance calculated by dividing net income by shareholders' equity RSVP = Répondez s'il vous plaît = please reply S&H = the process of preparing and packing an order and then sending it to a customer S&P = a company well known around the world as a creator of financial market indices—widely used as investment benchmarks—a data source, and an issuer of credit ratings for companies and debt obligations SEC = an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation telegraphic (wire) transfer = an electronic method of transferring funds utilized primarily for overseas wire transactions See also BUSINESS ACRONYMS | Part 1 BUSINESS ACRONYMS | Part 2