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Term of the Day
closed market
closed joint stock company
closed out
Definition
noun
a
market
where a
supplier
deals
only with one
agent
or
distributor
and does not
supply
any others
direct
Example
They signed a closed-market agreement with an Egyptian
company
.
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Popular 'Banking' Terms
negotiable
letter of credit
bank draft
bank
commercial bank
account
overdraft protection
compound interest
overdraft
lockbox
Mentioned in these terms
closed-market transaction
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