Buyer credit

(redirected from Buyer's Credit)

Buyer credit

A financing provided to a buyer to pay for the supply of goods or services usually by an exporting country or by the supplier company.

Buyer Credit

A credit given to an importer's account by the recipient of a letter of credit (that is, a bank) in exchange for on-time payment. The originator of the letter of credit (the importer's own bank) may negotiate with the recipient for buyer credits.
References in periodicals archive ?
Based on data from the National Economic and Development Authority (Neda), Chinese financing can be obtained through concessional loans and preferential buyer's credit loans, which are both tied loans.
We have not issued any Letter of Undertaking (LOU) nor do we have any buyer's credit exposure against LOUs with respect to the Nirav Modi group of companies as well as the Gitanjali group of companies.
Summary: New Delhi [India], Feb 15 (ANI): In wake of the fraud being detected by Punjab National Bank (PNB), Axis Bank on Thursday wrote to National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), notifying the Buyer's Credit transactions it has undertaken with PNB.
Sweden, March 10 -- Export-Import Bank of India (Exim Bank) on March 08, 2016 signed Buyer's Credit Agreements, under National Export Insurance Account (BC-NEIA) amounting to US$ 403.
Exim Bank, in conjunction with ECGC, offers Buyer's Credit under Government of India's National Export Insurance Account (NEIA), under which the Bank finances project exports from India on medium to long term basis to foreign governments and government-owned entities, without recourse to Indian project exporters.
Seller has clean financial and operational records, will finance small portion of purchase based on buyer's credit.
The bank has agreed to provide US firm KDC Solar LLC with a 15-year buyer's credit for two solar power plants with a combined capacity of 14.
As the recourse-remote payable/receivable is certain, the financing cost is based largely on the buyer's credit rating--the fulcrum upon which the powerful SCF value delivery is levered.
Credit lines are determined by GE Consumer Finance according to the buyer's credit history.
Under a Preferential Buyer's Credit facility, the loan will be given to the Sri Lankan government to finance the Matara-Beliatta Section of the Matara-Kataragama Railway Extension Project.
Complaints Include Dealers Lying About the Car Buyer's Credit
Even after objections by some minority members of the legislature, parliamentary approved the government request for the tax waiver, which forms part of a Preferential Buyer's Credit Facility Agreement between the government and the Export/Import Bank of China for an amount of US$ 127.