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TeachMeFinance.com - explain Export credit revolving fund Export credit revolving fund The term 'Export credit revolving fund ' as it applies to the area of agriculture can be defined as ' The Agriculture and Food Act of 1981 authorized a revolving loan fund that would provide short-term and intermediate-term direct credit for export sales of agricultural commodities, breeding animals, and handling facilities in developing markets. Once capitalized, loans would be made from the initial fund and repayments of principal and interest would return to the fund to be revolved as new loans. Money was never appropriated to capitalize the revolving fund and its statutory authority was eliminated in the FACT Act of 1990'. Previous 5 Terms: exponential function exponential growth Export Administration Act (EAA) of 1979 Export allocations or quotas Export Credit Guarantee Programs (GSM-102-103) Next 5 Terms: Export Enhancement Program (EEP) Export Incentive Program (EIP) Export licenses Export PIK Export subsidy 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.