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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Also, Finnish Export Credit Agency (Finnvera) guarantees 95% of this post-delivery buyer credit.
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.
As of June 15, the FTB estimated it had received applications claiming' 80 percent of the state's First-Time Buyer Credit.
* Extension and modification of the first-time home buyer credit,
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.
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.