Trade credit


 

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Trade credit

1. An amount that is loaned to an exporter to be repaid when the exports are paid for by the foreign importer. 2. Credit extended by an exporter to an importer, permitting them to pay at some time after they take delivery.

Trade credit

Credit one firm grants to another firm for the purchase of goods or services.



Trade credit

Similar Matches

Full faith and credit

Full faith and credit

Effectively a guarantee of payment of interest and repayment of principal of a bond issued by a government authority.


Credit note

Credit note

A note, issued to a person or company when goods are returned by them, which cancels the original invoice. If the invoice has been settled before the goods are returned the credit note will then entitle the holder to alternative goods (or sometimes cash) to the original value.


Credit control

Credit control

Methods used by companies to try to ensure their customers settle their accounts within the agreed time period.


Creditors

Creditors

People or companies who are owed money by debtors.


Unified tax credit

Unified tax credit

A federal tax credit which may be deducted from estate tax and gift tax liability.


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