board of trade

Английский Язык - Английский Язык

Определение board of trade в Английский Язык Английский Язык словарь

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

committee comprised of bankers and business owners that join together to promote common business interests

Турецкое произношение

bôrd ıv treyd

Произношение

/ˈbôrd əv ˈtrād/ /ˈbɔːrd əv ˈtreɪd/