GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
^
38% - Moderately

Commerce


Synonyms:business environment
Filed Under: financial-banking
Tags: banking
 

Definition of commerce

commerce
1. The systems that involve economic interaction and business on a large scale within a country and between different countries. The term commerce encompasses a wide range of activities and can be loosely affiliated with any activities that impact business prospects within a nation's economy including the legal, political, economic, technological, social, and cultural systems in place in a country.

Related Terms and Acronyms:

  • Bank of Canada (BC, BOC)   Canada's central bank.
      ➥  Canada's central bank.
  • business (busn)   A company, either for-profit or non-profit.
  • central bank   An institution that manages a nation's monetary policy.
  • deflation   An actual decline in the general level of prices in the economy.
  • depression   A prolonged downturn in the economy and level of business activity.
  • electronic commerce   The purchase or sale of products and services through an electronic system such as the Internet.
  • inflation   A rise in the average level of prices in the economy.
  • monetary policy   The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
  • operational expenses (OpEx)   Costs accruing from a business's business operations.
  • World Trade Organization (WTO)   An organization that promotes free trade between nations.
      ➥  Deals with the global rules of trade between nations.

More Related Terms and Acronyms

Search the Glossary

Great Mortgage Rates
You looking to find a low mortgage rate? Most of the time, getting the best rate for your mortgage is about who you go to more than your credit history. Shop the market using a mortgage broker and you won't be left paying high interest rates.
Best Mortgage Rates
 
Mortgage Calculator
The new mortgage calculator was built from the ground up to make it easier for you to find the best mortgage for your unique financial situation. Try it and find out what you can afford to pay on your next home.
Mortgage Calculator Try it
 
Mortgage Brokers
First time buying? Don't be scared; our brokers help new buyers like you all the time. We'll carefully guide you through the home buying process and do our best to find you a great mortgage with a low rate.
Mortgage Brokers Help New Home Buyers