Buyer 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 ?
Parliament has approved the buyer credit and commercial contract agreements between the government and some companies to develop the Kumasi and Tamale international airports.
Source told to Research Analyst-PAGE that the issue of rationalization of relending policy surfaced after Economic Affairs Division (EAD) conveyed to the Pakistan Atomic Energy Commission (PAEC) the terms of relending of buyer credit loan Agreement of $150 million at 17 percent interest rate.
Shaunna Durham, a Windermere Real Estate broker in Springfield, said that while the first-time buyer credit generated a lot of buyers, they were primarily in the lower end of the market.
A buyer underwriter would effectively provide an outsourcing of buyer credit review until the exporter's credit department could develop its own due-diligence procedures and track record.
Greenstein cited changes in the passive loss tax allowance, a continued mortgage deduction, a first-time home buyer credit, and the ability to use IRA or 401(K) money without penalty as measures to stimulate home buying and the economy.
To apply, the buyer must complete FTB Form 3549-A, Application for New Home / First-Time Buyer Credit, and fax it, along with the final settlement statement, to FTB at 916.
Jointly, Deutsche Bank and the Dubai branch of Lebanon's Bankmed have funded the loan in an 8-year US$75 million buyer credit, in conjunction with Coface, an export credit agency branch of the French government.
Jay Shakford, vice president of the National Association of Home Builders, said they strongly supported the economic recovery package that included the $5,000 first time home buyer credit, the modification of the passive loss rules, and allowed removal of IRA money for down payments.
The Franchise Tax Board (FTB) announced today that it will stop accepting applications for the First-Time Buyer Credit at midnight Sunday, August 15, 2010.
The European Investment Bank is partnering with Northstar Europe and Office du Ducroire Luxembourg in the first ever EIB facility to provide buyer credit financing for European SME and Midcap exports.
The Franchise Tax Board (FTB) announced today that it has received applications claiming 80 percent of the State's First-Time Buyer Credit.
These credits include the first time home buyer credit of up to $8,000 and the repeat home buyer credit of up to $6,500.