export credit
- noun
- Specialized
- By 1989, the rapid expansion of Japan's total official financial outflow (including both developmental assistance and export credits) had enabled it to surpass the United States as the leading donor country in the world.
- export credit bank
Examples
-
For instance, German exports to Iran have fallen sharply in recent years, while export credits backed by the German government were only 20 percent of the 2004 level in 2007.
Academic text (2008) -
The German government has also announced that it is prepared to fully guarantee, through the Hermes export credit agency, the exports of East German companies to the Soviet Union and Eastern Europe for up to 10 years.
Academic text (1991) -
There were also export credits to import capital goods.
Academic text (1999) -
The majority of OECD debt was generated by official, officially supported, or guaranteed export credits.
Academic text (2001) -
Based on exceptionally strong export earnings, these countries borrowed from private banks and official export credit associations and then dramatically expanded government spending.
Academic text (2001) -
The Chinese government, largely through the Export-Import Bank of China and more recently through the China Development Bank, provides export credits, loans, and investment guarantees to Chinese investors.
Academic text (2008) -
During the 1960s, about one-third, and in the 1970s, one-fifth of Japan's official and private export credits went to Africa.
Academic text (1991) -
The disbursement of humanitarian aid, technical assistance, and export credits constitutes an important part of Tokyo's efforts to enhance its comprehensive security.
Academic text (1992) -
It provides low-interest loans to governments and encourages Chinese firms to invest in Africa through export credits, loans for overseas projects, and international guarantees.
Academic text (2009) -
A loan provided by a bank in the exporter's country is crucial for securing export credit to buy machinery from overseas.
Synonyms
A bank promise to pay a foreign seller for goods a company buys from another country
Antonyms
- Specialized
A bank promise to pay a foreign seller for goods a company buys from another country
How Large
- Specialized
- Specialized
- Specialized
Surface Forms
Morphology
The phrase is a straightforward compound of 'export' + 'credit', so a B1 learner who knows both words can infer it refers to a loan or line of credit associated with exporting or exported goods. This follows a common noun-compound pattern (and equivalents exist in many languages), so the basic meaning is directly derivable even if finer banking details remain technical.
Etymology
The compound export credit paints a simple picture: export means goods sent to another country and credit means a loan. Banks or governments give this loan so the seller can send the goods now and the buyer can pay later, so the term means 'a loan to help exports'.