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Business Dictionary :
Barrel, Barrier, Barrister
Barrel, Barrier, Barrister
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Barrel : noun :
(a) Large round container for liquids
• He bought twenty-five barrels of wine.
• To sell wine by the barrel
(b) amount of liquid contained in a barrel
• The price of oil has reached $30 a barrel.
QUOTE : If signed the deals would give effective discounts of up to 53 a barrel on Saudi oil. (Economist)
QUOTE : US crude oil stocks fell last week by nearly 2.6m barrels. (Financial Times)
QUOTE : The average spot price of Nigerian light crude oil for the month of July was 27.21 dollars a barrel. (Business Times - Lagos)
Barrier : noun : thing which stops someone doing something, especially sending goods from one place to another
Customs Barriers or Tariff Barriers : customs duty intended to make trade more difficult
• To impose trade barriers on certain goods : to restrict the import of certain goods by charging high duty
• The unions have asked the government to impose trade barriers on foreign cars.
• To lift trade barriers from imports : to remove restrictions on imports
• The government has lifted trade barriers on foreign cars.
Barrister : noun : GB lawyer who can speak or argue a case in one of the higher courts
