What is a 'Chamber Of Commerce'

A chamber of commerce is an association of businessmen and businesswomen designed to promote and protect the interests of its members. There is a national Chamber of Commerce, as well as numerous state and local chambers. Among the benefits members receive are deals and discounts from other chamber members, listing in a member directory and a variety of other programs and services designed to promote business activity in a region.

BREAKING DOWN 'Chamber Of Commerce'

Chambers of commerce play an important role in local municipalities in promoting business activity and representing chamber members. At least at the local level, chamber of commerce members often meet to discuss and attempt to shape policy that relates to the business and overall economic environment. Members also receive the distinction of being a preferred local vendor, as well as listing on various municipal websites and literature.

RELATED TERMS
  1. John T. Chambers

    The president and CEO of Cisco Systems, a consumer electronics, ...
  2. International Commerce

    The buying and selling of goods between sovereign nations. International ...
  3. Commerce

    The conduct of trade amongst economic agents. Generally, commerce ...
  4. United States Aircraft Insurance ...

    The nation's first aviation insurance company, founded in 1928 ...
  5. Local Exchange Trading Systems

    A locally organized economic organization that allows members ...
  6. Member Month

    The number of individuals participating in an insurance plan ...
Related Articles
  1. Small Business

    European Firms Find China 'Increasingly Hostile'

    European firms are pessimistic about the prospects of profits in China over the next two years, says survey.
  2. Small Business

    5 Federal Reserve Reforms That Would Boost Transparency

    The U.S. Chamber of Commerce recently published specific directives for the Federal Reserve to become more transparent and accountable.
  3. Insights

    Lawsuit Seeks to Overturn New IRS Rules on Corporate Inversions

    A lawsuit is pitting the US Chamber of Commerce against Congress over rules on corporate inversions.
  4. Small Business

    Cisco to Invest $100M in India’s Digital Push (CSCO, ORCL)

    Cisco's investment follows that of Oracle, which in February, announced a $400 million expansion of its India facility.
  5. Financial Advisor

    Preparing Finances For Deployment: A Guide For Service Members

    Those who follow the instruction in this article can look forward to a homecoming of financial prosperity.
  6. Personal Finance

    Career Benefits From The CFA Institute

    The CFA Institute provides members with a variety of ongoing career and networking benefits.
  7. Investing

    Foreign Firms Face Increasing Barriers in China

    Foreign firms are facing increasing protectionism and uncertainty regarding intellectual rights protection when expanding into China.
  8. Managing Wealth

    Who Are Millennials and Why Do They Matter?

    With more than 80 million members, the Millennial generation represents a key consumer segment. Ignore them at your peril.
  9. Personal Finance

    The 10 Richest Women In The United States (WMT, AAPL)

    We provide an overview of America's 10 richest women, the sources of their wealth, and their professional and philanthropic activities.
  10. Financial Advisor

    Study Does Not End After The CFA

    Getting your CFA is an admirable achievement, but it doesn't end there. Find out what is expected of CFAs after they become charterholders.
RELATED FAQS
  1. How does the International Chamber of Commerce define the term 'Free on Board' (FOB)?

    Find out more about the International Chamber of Commerce, Incoterms rules and how the International Chamber of Commerce ... Read Answer >>
  2. Can entities other than banks issue letters of credit?

    Obtaining a letter of credit from a non-bank is legally acceptable according to the ICC, but companies tend to prefer to ... Read Answer >>
  3. What is the difference between CIF and an incoterm?

    Learn the difference between CIF and an Incoterm. CIF is one of the 12 Incoterm established in 1936 by the International ... Read Answer >>
  4. How are members of the Cost Accounting Standards Board chosen?

    Read about the political appointments to the Cost Accounting Standards Board, which makes, promulgates and amends cost accounting ... Read Answer >>
  5. I want to start my own brokerage company, how do I become a member of FINRA?

    Before you read on, note that the Financial Industry Regulatory Authority (FINRA), (previously the National Association of ... Read Answer >>
Hot Definitions
  1. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  2. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  3. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  4. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  5. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
  6. SEC Form 13F

    A filing with the Securities and Exchange Commission (SEC), also known as the Information Required of Institutional Investment ...
Trading Center