import credit (Meaning)
Wordnet
import credit (n)
credit opened by an importer at a bank in his own country upon which an exporter may draw
Synonyms & Antonyms of import credit
No Synonyms and anytonyms found
import credit Sentence Examples
- The import credit from the foreign bank allowed us to purchase goods from overseas.
- We opened an import credit to facilitate the payment to our supplier in a different country.
- The import credit process required strict adherence to the terms and conditions set by the bank.
- The import credit line provided us with financial flexibility to fund our international purchases.
- Processing import credits involves meticulous attention to documentation and compliance.
- The exporter's bank notifies the issuing bank when the import credit has been drawn against.
- The import credit serves as a guarantee of payment to the supplier, reducing the risk of non-payment.
- The bank will charge a commission for establishing the import credit.
- Import credits are essential for importers who engage in global trade.
- The import credit arrangement streamlined our payment process and enhanced our trade efficiency.
FAQs About the word import credit
credit opened by an importer at a bank in his own country upon which an exporter may draw
No synonyms found.
No antonyms found.
The import credit from the foreign bank allowed us to purchase goods from overseas.
We opened an import credit to facilitate the payment to our supplier in a different country.
The import credit process required strict adherence to the terms and conditions set by the bank.
The import credit line provided us with financial flexibility to fund our international purchases.
