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 ?
Financing rate and conditions may vary based on Buyer's credit and qualifications.
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.
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
dollars will be granted by China's Exim Bank to Sri Lanka for financing a railway project, under a Preferential Buyer's Credit facility to finance the Matara- Beliatta Section of the Matara-Kataragama Railway Extension Project.
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.
The Global Financing Network provides online markets with value-added services to check a buyer's credit and arrange financing in real time.
The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) signed on September 11 a buyer's credit (export loan) agreement with Tata Steel Limited (Tata Steel) in India.