Glossary of Trade Terms

Warehouse receipt	A receipt identifying the commodities deposited in a recognized warehouse. A non-negotiable warehouse receipt specifies to whom the deposited goods will be delivered or released. A negotiable receipt states that the commodities will be released to the bearer of the receipt.
World Bank	The largest global development institution in the world, set up under the aegis of the United Nations to provide financing and development aid to developing and transitional economies, especially the Least Developed Countries.
World Trade Organization (WTO)	The only international body dealing with the rules of trade between nations and a forum for dispute settlement. The 152 member countries are all signatories to the General Agreement on Tariffs and Trade (GATT), the General Agreement on Trade in Services (GATS), and Trade-Related Aspects of Intellectual Property Rights (TRIPS)