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European Terms

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European terms
A foreign exchange quotation that states the foreign currency price of one U.S. dollar. Opposite of direct quote.

European Terms
In the United States currency market, an exchange rate stated in U.S. dollars per unit of a foreign currency. That is, the act of stating an exchange rate in European terms means stating the dollars needed to buy one unit of that currency. European terms contrasts with direct terms, which state the units of the foreign currency needed to buy one dollar.


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While those who favor partnership argue that one of its main advantages would be to provide the United States with added resources to deal with precisely these challenges, it is not clear that the phasing-in of European contributions would keep pace with the decreased freedom of action that partnership on European terms might entail.
The UK is known for being a large market for paper and board products in European terms.
The less interesting elements of King's discussion reflect the old paradox much discussed by James devotees: How could a native Trinidadian, jet-black at that, regional nationalist when young, key activist of Pan-Africanism during the 1930s-40s, and ardent supporter of Black Power in old age, define himself, his intellectual life and tastes, so often in European terms, from Shakespeare to cricket?
 
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