export credit
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Definition(s):
- (n) a credit opened by an importer with a bank in an exporter's country to finance an export operation
Usage(s):
- One reason that the West has held off this long is the Berne Union, a gentleman's agreement among trade insurers of 20 industrial nations not to extend export credit on terms .
- As late as last month the Bonn government agreed to give the company another injection of funds, in the form of export credit guarantees, bank loan write-offs and new bank .
- At the time, DTI Minister Tony Newton said the government was nearly doubling the export credit line because of the ministry's confidence in the "long-term strength of the Iraqi .
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languish
/ˈlæŋɡ wɪʃ /
/ˈlæŋɡ wɪʃ /