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Trade Credit

   Also found in: Wikipedia, Hutchinson 0.02 sec.
Trade credit
Credit one firm grants to another firm for the purchase of goods or services. That is, when the goods are delivered, the recipient does not have to pay immediately for the goods - a credit is given with terms for payment (say 30 days). This potentially allows the vendor to sell the goods and use the sale proceeds payoff the credit obligation.

Trade Credit
A loan or line of credit that a company extends to another in order for the second company to buy goods and services, especially those necessary to conduct its operations.


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Another issue CBI's survey highlighted was that there has again been a marked deterioration in the availability of trade credit insurance.
Under the program, ADB works with the private sector to maintain and enhance trade credit to member countries by supporting imports of goods, including critical goods such as machinery, food, medicine, fuel and inputs for export products.
Summary: Dubai will host this year's regional meeting of the General Organisation of CreditAlliance, a key global association that provides trade credit facilities to its members.
 
 
 
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