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 ?
Within a week, Ministry of Shipping rushed a Cabinet plan proposing that the Export Development Fund (EDF) be allowed to raise and provide the 150-million buyers' credit facility denominated in Indian currency (the Rupee) to Iran.
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.
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.
The funds are provided as a buyers' credits for exports.