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.
References in periodicals archive ?
The NEIA trust also provides covers to banks for Buyers Credit transactions, which facilitates foreign buyer to pay for project exports from India.
There is no mention of availment of buyers credit or suppliers credit against confirmed L/Cs in the circular released by RBI.
As per the FIR lodged with the CBI, Shetty and Kharat had transmitted SWIFT instructions to the above-mentioned banks for raising buyers credit and for funding the Nostro accounts of PNB, without due procedure.
These projects are part of four and half years reconstruction project with the allocation of US $ 300 in the shape of Preferential Buyers Credit Loan for reconstruction activities in Muzaffarabad, AJK.
Lorena Teer, president of the Eugene Realtors Association, said the first-time buyers credit did a lot to stabilize the local real estate market.
Owner financing subject to owners approval of buyers credit report and acceptable collateral.
The ABLI believes the repeal of the passive loss rules will create more low-income housing than the credit program * A capital gains tax rate reduction which would benefit the economy and encourage capital formation for new enterprises should be passed * The first time home buyers credit advanced by the Bush Administration to encourage home purchases should be enacted.
(a) The Buyers Credit Facility has been extended by PNB to the three partnership firms since several years.
The order is the second one secured from Sri Lanka by the Company through Buyers Credit. The first order was the Dambulla order, which is currently at an advanced stage of completion.
These projects are part of four and half year reconstruction project with the allocation of US $ 300 in the shape of Preferential Buyers Credit Loan for reconstruction activities in Muzaffarabad, AJK.
He goes on to state that PNB had time and again acknowledged that "the buyers credit facility has been extended by it to the three partnership firms since several years; that there has been no default on the part of any of these firms over all these years; that money has gone through PNB over all these years for the repayments of the advances given by the overseas bank branches under the buyers credit.
Owner is willing to finance depending on buyers credit and experience.