Import Credit


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Import Credit

A loan a bank makes to a buyer of a good from another country. An import credit is generally a revolving line of credit.
References in periodicals archive ?
To ensure success in entering these markets, international flour producers now provide Indonesian importers with facilities with which to obtain import credit from their respective governments, e.
Origenate is a complete loan processing software system that automates the entire workflow from origination to completion, allowing dealers to receive loan application data electronically from RouteOne, import credit bureau data on applicants, decision the application, and generate required paperwork.
Its major services are Export Credit, Overseas Investment Credit, Major Resources Development Credit and Import Credit.
Steckel commented that the import credit facility will be used to finance equipment originating in the United States for use by the Company in its core business operations, as well as in its Central and South American subsidiaries.
businesses--as an aggregate entity--to use an equal number of import credits and export credits each year would likely be shot down by an array of interest groups here and in global trade courts.