| INDIAMAN | East ___, term for a trading ship (8) |
| MARTIAN | Heavenly name for a trading place (7) |
| MARKET | Demand for a trading post (6) |
| THECLOTH | Man of ___, term for a cleric (3,5) |
| ANT | White ___ (term for a termite) |
| OPERA | Soap ___, term for a continuing drama, such as (5) |
| PHRASE | Turn of ____, term for a particular way of saying something (6) |
| GALLEONS | Trading ships which went between Spain and America from the 15th to 18th centuries (8) |
| EMINENCE | Your ___ (term of address for a cardinal) (8) |
| ONICE | "Miracle ___" (term for a 1980 Olympic hockey victory by the USA): 2 wds. |
| ENTREPOT | Repent exchange over time in a trading centre (8) |
| EMPORIUM | A trading centre or mart (8) |
| GRANTAID | State assistance given to a trading arrangement |
| REDEEMER | The ___, term used in Christian theology for Jesus Christ |
| ENTENDRE | Double ___ (Term with two meanings) |
| GODS | The ___, term for the highest level of seating in a theatre (4) |
| LITERARY | "Terms like grace, new birth, justification [...] which with St Paul are ____ terms, theologians have employed as if they were scientific terms" (Matthew Arnold) |
| RISINGSUN | The Land of the _ _ _ _ _ _ _ _ _, term for Japan that derives from the Japanese word for the country (6,3) |
| STUMP | Boston ____, term for St Botolph's Church in Lincolnshire used as a landmark by sailors (5) |
| OWL | Deficit ___ (term for an economist who doesn't think deficits are a problem) |
