Definition of Acquisition (foreign crude oil)

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TeachMeFinance.com - explain Acquisition (foreign crude oil)



Acquisition (foreign crude oil)

All transfers of ownership of foreign crude oil to a firm, irrespective of the terms of that transfer. Acquisitions thus include all purchases and exchange receipts as well as any and all foreign crude acquired under reciprocal buy-sell agreements or acquired as a result of a buy-back or other preferential agreement with a host government.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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