Chamber Of Commerce

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 Chamber Of Commerce ...

    The largest, and arguably most diverse, business organization ...
  3. International Commerce

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

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

    The nation's first aviation insurance company, founded in 1928 ...
  6. Member Month

    The number of individuals participating in an insurance plan ...
Related Articles
  1. Investing News

    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.
  2. Professionals

    FINRA Conduct Rule 2830: Member Compensation

    FINRA Series 6 Exam Study Guide - FINRA Conduct Rule 2830: Member Compensation.This section deals with Member Compensation under NASD rule 2830. Includes: Execution of portfolio transaction and ...
  3. Professionals

    Execution of Portfolio Transactions

    FINRA/NASAA Series 26 Section 7 - Execution of Portfolio Transactions. In this section NASD/FINRA rules on execution of portfolio transactions and other provisions.
  4. Professionals

    Promotional Material

    Promotional Material
  5. Professionals

    C. FINRA and Communications

    Becoming A Member of FINRA FINRA sets strict qualification standards that all perspective members must meet, prior to being granted membership. Each firm will appoint an executive representative ...
  6. Professionals

    OUTSIDE EMPLOYMENT

    Outside Employment If a registered representative wants to obtain employment outside of their position with a member firm, the registered representative must first provide written notification ...
  7. Professionals

    Rules and By-Laws of FINRA

    FINRA Series 6 Exam Study Guide - Rules and By-Laws of FINRA. This section outlines the FINRA articles of incorporation and explains the FINRA rules and by-laws.
  8. Professionals

    FINRA Conduct Rule 2211

    FINRA/NASAA Series 26 Section 6 - FINRA Conduct Rule 2211. In this section institutional sales material and correspondence, approval and recordkeeping and applicable content standards.
  9. Professionals

    Prohibited Sales Practices

    FINRA/NASAA Series 26 Section 7 - Prohibited Sales Practices. In this section fraudulent interstate transactions, unlawful representations, restrictions on the purchase and sale of IPOs and avoiding ...
  10. Professionals

    FINRA Conduct Rule 2820: Member Compensation

    FINRA Series 6 Exam Study Guide - FINRA Conduct Rule 2820: Member Compensation. This section pertains to member compensation under NASD rule 2820.
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. 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 >>
  5. 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 >>
  6. Can a Limited Liability Company (LLC) issue stock?

    Learn about a limited liability company, or LLC, and if it is able to issue stock. Understand the benefits of an LLC, both ... Read Answer >>
Hot Definitions
  1. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  2. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  5. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  6. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
Trading Center