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The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law. [ 1] Incoterms define the responsibilities of exporters and importers in the arrangement of shipments and the transfer of liability involved at various ...
FOB (free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or inland waterway ...
The Uniform Customs and Practice for Documentary Credits (UCP) is a set of rules on the issuance and use of letters of credit. The UCP is utilized by bankers and commercial parties in more than 175 countries in trade finance. Some 11-15% of international trade utilizes letters of credit, totaling over a trillion dollars (US) each year.
Product activation is a license validation procedure required by some proprietary software programs. Product activation prevents unlimited free use of copied or replicated software. Unactivated software refuses to fully function until it determines whether it is authorized to fully function. Activation allows the software to stop blocking its ...
Microsoft Product Activation is a DRM technology used by Microsoft Corporation in several of its computer software programs, most notably its Windows operating system and its Office productivity suite. The procedure enforces compliance with the program's end-user license agreement by transmitting information about both the product key used to ...
Free product. In mathematics, specifically group theory, the free product is an operation that takes two groups G and H and constructs a new group G ∗ H. The result contains both G and H as subgroups, is generated by the elements of these subgroups, and is the “ universal ” group having these properties, in the sense that any two ...
An activation product is a material that has been made radioactive by the process of neutron activation.. Fission products and actinides produced by neutron absorption of nuclear fuel itself are normally referred to by those specific names, and activation product reserved for products of neutron capture by other materials, such as structural components of the nuclear reactor or nuclear bomb ...
In algebra, the free product ( coproduct) of a family of associative algebras over a commutative ring R is the associative algebra over R that is, roughly, defined by the generators and the relations of the 's. The free product of two algebras A, B is denoted by A ∗ B. The notion is a ring-theoretic analog of a free product of groups .