Definition of Baltic Exchange in English:

Baltic Exchange

Line breaks: Bal¦tic Exchange
An association of companies, based in London, whose members are engaged in numerous international trading activities, especially the chartering of vessels to carry cargo.

Origin

from the name Virginia and Baltic, one of many coffee houses where shipowners and merchants met in London in the 18th century, the coffee house being so named by association with areas of much of the trade.

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Word of the day apposite
Pronunciation: ˈapəzit
adjective
apt in the circumstances or relation to something