Definitions from the Web
Term: import credit
Definition:
An import credit is a financial instrument used in international trade that represents an amount of money owed by an importer to an exporter for goods or services purchased from abroad.
Example sentences:
- The import credit for the shipment of electronic goods was successfully arranged between the buyer and the seller.
- Due to the shortage of import credits, the company had to delay the purchase of raw materials from overseas.
- John's company provides import credits to its clients, facilitating their international trade activities.
- The exporter offered attractive import credit terms to encourage more buyers from foreign markets.
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