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Buyer Credit |
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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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