Commercial Secrecy

in capitalist states, the right of stock companies, firms, banks, and the like to maintain secrecy regarding documents (company books, balances, and so on) that reflect their activity. The public reporting that has been introduced during the imperialist period for certain types of partnerships concerns only a few general figures and does not give a full picture of the financial position of the company.

In the socialist states commercial secrecy does not exist. It was abolished in the Soviet state by the Statute on Worker Control of Nov. 14 (27), 1917.

单词	commercial secrecy
释义	Commercial Secrecy Commercial Secrecy in capitalist states, the right of stock companies, firms, banks, and the like to maintain secrecy regarding documents (company books, balances, and so on) that reflect their activity. The public reporting that has been introduced during the imperialist period for certain types of partnerships concerns only a few general figures and does not give a full picture of the financial position of the company. In the socialist states commercial secrecy does not exist. It was abolished in the Soviet state by the Statute on Worker Control of Nov. 14 (27), 1917.
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