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Buyer's Credit

Cork and Articles of Cork
From United Kingdom
To Canada
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Jasmine G.
Sep 28, 2021

What Is Buyer's Credit? 

1 answer

Sep 28, 2021

Buyer's credit is a short-term loan facility extended to an importer by an overseas lender such as a bank or financial institution to finance the purchase of capital goods, services, and other big-ticket items. The importer, to whom the loan is issued, is the buyer of goods, while the exporter is the seller. Buyer’s credit is a very useful financing method in international trade as it gives importers access to cheaper funds compared to what may be available locally.

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