Export Credit primarily relates from sales at a home based country to another country.

Under the Balance Sheet definition of insolvent in the U.S. Bankruptcy Code, a debtor is insolvent when the value of a debtor's assets is exceeded by the debtor's liabilities. Balance Sheet definition of insolvent in the U.S. Bankruptcy Code, a debtor is insolvent when the value of a debtor's assets is exceeded by the debtor's liabilities. Bankruptcy Code, a debtor is insolvent when the value of a debtor 's assets is exceeded by the debtor's liabilities.

Risk in a sale of goods that the government in the buyers country may take some action that prevents the buyer from paying.

(See Credit Application.)

The official lowering of a country's currency in relation to one or more currencies of other countries. Devaluation tends to make imports in that country more expensive, and to make exports from that country more attractively priced to foreign buyers.

In a draft collection transaction, the formal legal process of registering that payment or acceptance of the draft has been demanded but the drawee has refused to pay or accept the draft. draft collection transaction, the formal legal process of registering that payment or acceptance of the draft has been demanded but the drawee has refused to pay or accept the draft. draft collection transaction, the formal legal process of registering that payment or acceptance of the draft has been demanded but the drawee has refused to pay or accept the draft.

Dispute resolution process in which the parties use an independent arbitrator or arbitrators to act in place of a judge or jury to settle disputes. Arbitration can be a faster, more cost-effective alternative to lawsuits. parties use an independent arbitrator or arbitrators to act in place of a judge or jury to settle disputes. Arbitration can be a faster, more cost-effective alternative to lawsuits. parties use an independent arbitrator or arbitrators to act in place of a judge or jury to settle disputes. Arbitration can be a faster, more cost-effective alternative to lawsuits.

The person or company that sells or arranges to transport goods out of a country.

To bring goods into a country whose origin is in another country. The importer is usually the buyer or their agent.

(See Insolvency.)

or business entity that owes money.

When a drawee acknowledges in writing on the face of the draft that the buyer will pay the draft at maturity. (See also Draft, Drawee.)

A negotiable instrument that calls for payment of money. The drawer (or seller) orders in writing for the drawee (or buyer) to pay a specific amount of money to the drawer on a certain date. Also called a bill of exchange.

The person, company, or bank upon which a draft is drawn.

Individuals involved in a sales transaction. In domestic sales: seller and buyer. In international sales: exporter and importer. In shipping: shipper and consignee. In letters of credit: beneficiary (seller) and applicant (buyer).

A medium of exchange; coined or stamped currency.

(See Draft.)

The person, company, or bank that creates the draft and receives payment.

Quality belonging to a document to transfer ownership of money, goods, or other items of value specified in the document by endorsement and/or delivery of the document. endorsement and/or delivery of the document.

The party (generally buyer/importer) for whose account a letter of credit is established. letter of credit is established.

The person or company due payment in the letter of credit. Usually the exporter (seller).

An individual or company to whom cargo is shipped or consigned.

Indemnity given by the beneficiary of a letter of credit to the negotiating bank to induce payment despite any discrepancies that may exist in the documents. y given by the beneficiary of a letter of credit to the negotiating bank to induce payment despite any discrepancies that may exist in the documents.

Uncollectible accounts that are encountered due to poor credit decisions, aggressive credit policy or an unpredictable event.

Legislation that prohibits firms from importing some or all the products made in a given country.

A financial statement listing the assets, liabilities and owner's equity of a business entity as of a specific date.

(See Insolvency.)

or business entity that owes money.

When a drawee acknowledges in writing on the face of the draft that the buyer will pay the draft at maturity. (See also Draft, Drawee.)

A negotiable instrument that calls for payment of money. The drawer (or seller) orders in writing for the drawee (or buyer) to pay a specific amount of money to the drawer on a certain date. Also called a bill of exchange.

The person, company, or bank upon which a draft is drawn.

Individuals involved in a sales transaction. In domestic sales: seller and buyer. In international sales: exporter and importer. In shipping: shipper and consignee. In letters of credit: beneficiary (seller) and applicant (buyer).

A right to the payment of money such as agency notes, commercial paper, T-Bills, certificates of deposit (CD's), banker's acceptances and repurchase agreements.

Writing one's name upon paper for the purpose of transferring the title.

A financing instrument issued by a bank in favor of an exporter that substitutes the bank's creditworthiness for that of the importer.

Compensation paid for damage or loss sustained or anticipated.

After the seller presents the required documents to this bank for review, it will notify the issuing bank that terms of letter of credit have been met.

Conditions in which the decision maker has to estimate the likelihood of certain outcomes.

A financing instrument issued by a bank in favor of an exporter that substitutes the bank's creditworthiness for that of the importer.

A general course of action developed for recurring situations and designed to achieve established objectives. It is a general statement that serves as a guide for the credit manager's decision making.

The unsecured promissory notes of large, financially sound corporations.

The exclusive rights, powers, privileges and immunities to property, real and personal, tangible and intangible.

Also known as the opening bank. It issues its commitment to the seller in the form of a letter of credit.