import credit

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  • noun

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credit opened by an importer at a bank in his own country upon which an exporter may draw

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References in periodicals archive ?
2 per cent) while the proportion for import credit continued to be modest at 4.
KEXIM's main activities are providing export and import credits as well as overseas investment credits and guarantee facilities.
The share of import credits as a percentage of the bank's loan book remains modest at four per cent.
The continuing significance of KEXIM's role as Korea's official ECA is reflected in the continued expansion in its loan portfolio during the first half of 2012 in which disbursements of export credits, overseas investment credits and import credits rose by 40 per cent, 57 per cent and 16 per cent respectively from the corresponding period in 2011.