Definition of Exporter's credit

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TeachMeFinance.com - explain Exporter's credit




historic definition...

Exporter's credit -- Exporter's credit is given when an exporter is allowed to draw on a dealer in foreign exchange in advance of an actual shipment abroad by him ; when he makes his shipment he discharges his obligation by delivering the draft drawn against the consignee of the property shipped, together with the bill of lading, to the dealer in exchange to whom he is indebted.



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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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