Definition of Entrepot:
Commerce: Trade in which imported goods are re-exported with or without any additional processing or repackaging.
A port, city, or other center to which goods are brought for import and export, and for collection and distribution.
Finance: Financial center where foreign lenders and foreign buyers meet or deal and which acts as a channel for international funds with little or no money retained in its local market. Strictly speaking, London is an entrepot center but not New York where a large part of foreign funds remain.
How to use Entrepot in a sentence?
- I liked our entrepot strategy and I thought it was really easy and saved us a lot of hassle and unnecessary work.
- Hong Kong has long been an entrepôt between east and west.
- The digital marketplace Amazon.com is an entrepot business because none of the products that are sold were manufactured by the Amazon company.
- You should be careful when dealing with entrepot because the damages may not be repaired by the shipper when you receive them.
Meaning of Entrepot & Entrepot Definition