export credit

export credit definition - business

export credit

A loan or loan guarantee designed to stimulate a country's exports. Typically this involves a direct loan to a foreign buyer of domestic goods and services, or a guarantee for a private loan to a domestic exporter. The loan essentially guarantees that the domestic exporter will be paid.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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