chicago board of trade

listen to the pronunciation of chicago board of trade
İngilizce - İngilizce
an important market in Chicago, US, in which future contracts for the delivery of commodities are bought and sold

İlgili Terimler

board of trade
An association of bankers and business people to promote common commercial interests. Organized market for the exchange of commodity contracts (see commodity exchange). The Toronto Board of Trade, one of the earliest, was incorporated in 1845. The first grain-futures exchange in the U.S. was organized in Chicago in 1848. The Chicago Board of Trade (CBOT) began as a voluntary association of prominent Chicago grain merchants and was chartered by the Illinois legislature in 1859. Initially it sold grain by sample; later it introduced a system of inspection and grading to standardize the market and facilitate trading. By 1858 access to the trading floor was limited to members with seats on the exchange. It became the world's largest commodity exchange in terms of volume and value of business. in full Lords Commissioners of Trade and Plantations. Advisory body that supervised American colonial affairs. Established in 1696 to replace the Lords of Trade (1675-96), it examined colonial legislation to ensure maximum benefit to British trade policies. The board nominated colonial governors, recommended laws affecting the colonies to Parliament, and heard complaints from the colonies about its administrators. It lacked executive or legislative powers, but it became the primary colonial policy-making body of the British government. It was abolished in 1782
board of trade
committee comprised of bankers and business owners that join together to promote common business interests
chicago board of trade

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    Chi·ca·go board of trade

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    şıkägō bôrd ıv treyd

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    /sʜəˈkäˌgō ˈbôrd əv ˈtrād/ /ʃəˈkɑːˌɡoʊ ˈbɔːrd əv ˈtreɪd/