International Reply Coupon - IRC

AAA

DEFINITION of 'International Reply Coupon - IRC'

A coupon that can be exchanged for the adequate minimum postage required for unregistered priority airmail weighing up to 20 grams. Mail items utilizing IRCs must be sent only to another Universal Postal Union (UPU) member country. Although UPU member postal services are not required to sell IRCs, they are obligated to exchange them for postage. It is basically a coupon that can be exchanged for postage stamps.

INVESTOPEDIA EXPLAINS 'International Reply Coupon - IRC'

The IRC was introduced by the UPU during its 1906 Congress held in Rome. It was created to facilitate mailings sent between foreign countries that required the receiver to reply, but the sender was unsure as to how much postage would be required for the reply letter.

RELATED TERMS
  1. Accelerated Reply Mail - ARM

    An expedited delivery of business reply mail offered by the U.S. ...
  2. Term Federal Funds

    Balances purchased in Federal Reserve accounts for more than ...
  3. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar ...
  4. Federal Reserve Credit

    Refers to the process of the Federal Reserve lending funds on ...
  5. Treasury Budget

    Data released by the U.S. Treasury on a monthly basis that accounts ...
  6. Federal Funds

    Excess reserves that commercial banks deposit at regional Federal ...
Related Articles
  1. Avoiding Tax Scams
    Taxes

    Avoiding Tax Scams

  2. Tips For Keeping Your Financial Data ...
    Personal Finance

    Tips For Keeping Your Financial Data ...

  3. Stop Scams In Their Tracks
    Entrepreneurship

    Stop Scams In Their Tracks

  4. Hidden Costs Of Product Rebates
    Personal Finance

    Hidden Costs Of Product Rebates

comments powered by Disqus
Hot Definitions
  1. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  2. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  3. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  6. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
Trading Center