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TeachMeFinance.com - explain Trade Terms Trade Terms -- The setting of responsibilities of the buyer and seller in a sale including sale price, the payment of costs such as shipping, insurance, and customs; the arranging of the performance of these activities; and the determination of when title passes. (Note the difference from "Terms of Trade") About the author 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". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.