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TeachMeFinance.com - explain Blended credit Blended credit The term 'Blended credit ' as it applies to the area of agriculture can be defined as ' A federal export promotion program operated from 1983 to 1985 by the Foreign Agricultural Service. Federally guaranteed commercial loans at market interest rates (GSM-102) were combined (blended) with direct export credits (GSM-5) issued by the CCC at zero interest. This subsidized credit was made available to selected countries for a limited number of agricultural commodities. The program was terminated in 1985 when a federal judge determined that commodities shipped under blended credit were subject to cargo preference laws, which would have required that 50% of blended credit exports be shipped on higher-cost U.S. flag vessels'. Previous 5 Terms: blauwbok blaze BLD BLDUP Blend price Next 5 Terms: Blending Blending plant blennoid blennophobia blenny About the author 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". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.