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Glite Dictionary
import credit

import credit

4.7
A bank promise to pay a foreign seller for goods a company buys from another country
  • noun
  • /ˈɪmpɔrt ˈkrɛdɪt/
  • Specialized
translation icon : crédito de importación
  • The company secured an import credit to finance the purchase of machinery from overseas suppliers.

Examples

  • Many banks offer import credit facilities to support clients engaged in global commerce.

  • Many businesses rely on import credits to manage cash flow.

  • An import credit can reduce risk for both the importer and exporter in international trade.

  • The company secured an import credit from the bank.

  • Many banks offer import credit facilities to support clients engaged in global commerce.

  • An import credit can reduce risk for both the importer and exporter in international trade.

  • The company secured an import credit to finance the purchase of machinery from overseas suppliers.

Synonyms

line of credit
vsimport credit
  • Specialized
24 3.1

A plan from a bank that lets you borrow up to a set amount

focuses on financing shipped goods rather than general borrowing arrangements
credit line
vsimport credit
6 3.7

The largest amount a bank allows you to borrow when needed

is an arrangement for trade finance rather than merely the agreed loan amount
export credit
vsimport credit
  • Specialized
1 5.1

A loan from a bank in the seller's country to help a buyer pay for goods sent to another country

does not require finance from a bank in the seller's country

How Much

revolving credit
  • Specialized
1 5.6
import credit
  • Specialized
4.7
line of credit
  • Specialized
24 3.1

Surface Forms

import credit singular
import credits plural

Morphology

import + credit

The phrase is a straightforward noun phrase where 'import' modifies 'credit' to indicate a type of financial credit related to importing; knowing 'import' (goods brought from abroad) and 'credit' (a financial arrangement) allows a learner to infer a credit facility for imports. This compositional pattern (e.g., Spanish crédito de importación, French crédit à l'importation) is cross-linguistically common, so the meaning should be immediately comprehensible to a B1 learner who knows both words.

Etymology

Import credit links import meaning 'buying from another country' and credit meaning 'a bank promise to pay'. The bank agrees to pay the exporter when the goods are shipped, so the buyer and seller both feel safer.