Buyer credit

(redirected from Buyers' 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 ?
For importers, buyers' credit allows existing credit lines with their local commercial banks to be preserved and used for standard financing requirements such as working capital.
AFG is accused of failing to make mortgage payments on the properties, ruining the straw buyers' credit ratings and sending the sellers' homes into foreclosure.
The pre-qualification letter should state that the buyers' credit was checked and was acceptable to the lender.
Just because the buyers' credit was checked doesn't mean the loan approval process has begun.
The Bangladesh Power Development Board (BPDB) has carried out the projects at buyers' credit from a Chinese and a Hong Kong-based commercial banks to supply more electricity to the national grid.
The interest rate for the buyers' credit from the Chinese ICBC bank will be closely 4.
The funds are provided as a buyers' credits for exports.