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entrepôt

  (ŏn'trə-pō') pronunciation
n.
  1. A place where goods are stored or deposited and from which they are distributed.
  2. A trading or market center.

[French, from entreposer, to store : entre, in, among (from Latin inter-; see inter–) + poser, to place (from Old French; see pose1).]


 
 

A seaport or warehouse where goods are stored until they are shipped. The goods do not face any import or export duties upon shipment from the port or warehouse.

Investopedia Says:
The use of entrepôts dates back to the original long distance sea trade routes. The benefit of the entrepôt in the past was that it removed the need for ships to travel the whole distance of the shipping route. The ships would sell their goods to the entrepôt and the entrepôt would in turn sell them to another ship, removing the large risks associated with long distance travel in the past. For example, if a ship was carrying spices from China is could sell the spices to an entrepôt in India and the entrepôt could sell the spices to a ship heading to England.

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n. a port, city, or other center to which goods are brought for import or export or for collection or distribution.

See the Introduction, Abbreviations and Pronunciation for further details.

 

Also known as a free port, this is a point of transhipment between nations where goods are held without incurring customs duties. Examples include Singapore and Rotterdam.

 

[MC]

A trading town or city, often a port, strategically situated for the redistribution of goods from a variety of sources.

 
Obscure Words: entrepôt


[F.]  /A(n) tre po/  an intermediary center of trade and transshipment
 
Wikipedia: entrepôt

An entrepôt (from the French "warehouse") is a trading post where merchandise can be imported and exported without paying import duties, often at a profit. This profit is possible because of trade conditions, for example, the reluctance of ships to travel the entire length of a long trading route, and selling to the entrepôt instead. The entrepôt then sells at a higher price to ships travelling the other segment of the route. Today, this use has mostly been supplanted by customs areas.

Entrepôts were especially relevant in the Middle Ages and in the early modern period, when mercantile shipping flourished between Europe and its colonial empires in the Americas and Asia. For example, demand for spices in Europe, coupled with the long trade routes necessary for their delivery, led to a much higher market price than the original buying price. However, traders often did not want to travel the whole route, and thus used the entrepôts on the way to sell on their goods. However, this also led to even more attractive profits for those who bothered to travel the entire route. [1]

See also

References

  1. ^ Organized Markets in Pre-industrial Europe (draft chapter of The Origins of Western Economic Success: Commerce, Finance, and Government in Pre-Industrial Europe) - Kohn, Meir, Department of Economics Dartmouth College, Hanover, 12 July 2003, Page 3, Retrieved 2007-08-19.

 
Translations: Entrepôt

Dansk (Danish)
n. - transitlager, oplagringsplads, transithavn

Nederlands (Dutch)
entrepot, (tijdelijke) opslagplaats

Français (French)
n. - entrepôt

Deutsch (German)
n. - Speicher, Umschlagplatz

Italiano (Italian)
magazzino

Português (Portuguese)
n. - entreposto (m)

Español (Spanish)
n. - centro comercial de importación y distribución, depósito, almacén

Svenska (Swedish)
n. - lagerutrymme

العربيه (Arabic)
‏(الاسم) مركز تجاري‏


 
 

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Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2007. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
US Military Dictionary. The Oxford Essential Dictionary of the U.S. Military. Copyright © 2001, 2002 by Oxford University Press, Inc. All rights reserved.  Read more
Geography Dictionary. A Dictionary of Geography. Copyright © Susan Mayhew 1992, 1997, 2004. All rights reserved.  Read more
Archaeology Dictionary. The Concise Oxford Dictionary of Archaeology. Copyright © 2002, 2003 by Oxford University Press. All rights reserved.  Read more
Obscure Words. © 2008 by Michael A. Fischer http://home.comcast.net/~wwftd Read more
Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Entrepôt" Read more
Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved.  Read more

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