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Definition of Import credit
1. Noun. Credit opened by an importer at a bank in his own country upon which an exporter may draw.
Lexicographical Neighbors of Import Credit
Literary usage of Import credit
Below you will find example usage of this term as found in modern and/or classical literature:
1. Trading with the Far East: How to Sell in the Orient : Policies, Methods by Irving Bank-Columbia Trust Company (1920)
"When someone desires to open an import credit in a foreign currency, the initial
procedure is similar to that for one in dollars. The bank gives two copies ..."
2. Banking Practice: A Textbook for Colleges and Schools of Business Administration by Loyd Helvetius Langston, Nathan Ruggles Whitney (1921)
"The Process of Granting an import credit.—The handling of import commercial
credits includes such operations as: Passing upon the credit rating of the ..."
3. Practical Bank Operation by Loyd Helvetius Langston, First National City Bank of New York (1921)
"Operation of import credit The method of procedure under a credit can be explained
most clearly by outlining the method of financing a shipment under a ..."
4. Foreign Exchange: Theory and Practice by Thomas York (1920)
"Sterling import credit.—Having discussed long commercial bills, as pertaining to
the sterling export credit, the medium used in financing a large part of ..."
5. Export Credit Financing Systems in Oecd Member and Non-Member Countries by OECD Staff, OECD, Daiana Cipollone (2001)
"For amounts between NLG 10 million and S NLG 25 million, the Export and Import
Credit Guarantees Department of the central bank can approve the reinsurance ..."
6. Trading with Latin America: Obtaining Orders, Filling Orders, Shipping by Ernst B. Filsinger (1917)
"The import credit is exactly the reverse of an Export Credit and may be arranged
for the purpose of effecting payment for merchandise imported into the ..."
7. American Banking Practice: A Treatise on the Practical Operation of a Bank by William Henry Kniffin (1921)
"Reimbursing the bank for these outlays.1 As in an import credit the New York bank
advises the foreign bank that a credit has been opened, so in an export ..."
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