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<strong>Response File</strong> – The CommonLine file type used to return responses to application send files and change transaction send files. A response file contains a snapshot of the processor' s database after processing an application for guarantee or after posting a change transaction. A response file generally contains “R records” but may also contain “M records,” if desired.
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cottage industry (LO)<br />An industry whose production takes place in workers' homes. Handloom weaving before the INDUSTRIAL REVOLUTION was organized in this way; now, NETWORKING and TELECOMMUTING are home based.<br /><em>See also:</em> domestic system; home production; homework ; networking economy; proto-industrialization
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common external tariff (F1)<br />The tariff protecting a free-trade area, e.g. the EUROPEAN COMMUNITY. Some countries outside the area may be permitted to have privileged access, e.g. those Third World countries allowed by the LOME CONVENTION to export to European Community countries preferentially.<br /><em>See also:</em> customs union
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