Export-Import Bank of the United States (Ex-Im Bank) Finance Definition
An independent federal
government agency that helps finance the sale of U.S. exports, primarily to
emerging markets. Financing is accomplished by providing loans, guarantees, and
export credit insurance. In many cases, without financing guarantees, companies
would decline to sell goods to companies in foreign countries because they would
have little redress through the countrys legal system if the foreign company
defaulted. In fiscal year 2002, the Ex-Im Bank author-ized financing to support
about $13 billion in U.S. exports.
Browse dictionary entries near Export-Import Bank of the United States
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