export credit guarantee
Definition
Type of insurance policy that protects an exporter against non-payment (default) by an importer. Offered generally by a country's export promotion agency, it provides the insurance cover on an ad valorem fee that takes creditworthiness of the importer and country risk into consideration. Some agencies, such as export import banks, also offer discounting of the exporter's invoices.
export credit guarantee is in the Accounting & Auditing, Banking, Commerce & Finance, General, Marine, & Life Insurance and International Trade & Relations subjects.
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