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Dictionary definition: acceptance credit
- Article from:
- A Dictionary of Finance and Banking
Copyright© A Dictionary of Finance and Banking 1997, originally published by Oxford University Press 1997. (Hide copyright information)
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acceptance credit
A means of financing the sale of goods, particularly in international trade. It involves a commercial bank or merchant bank extending credit to a foreign importer, whom it deems creditworthy. An acceptance credit is opened ...
Related newspaper, magazine, and journal articles:
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Article: Fed: Iraq to halt Australian wheat orders until AWB pays up
AAP General News (Australia);
November 12, 2005 ;
376 words
... ... until AWB pays up SYDNEY, Nov 11 AAP - The Iraqi government has suspended future orders for Australian wheat until the wheat exporter pays back money used as kickbacks for Saddam Hussein's regime. Iraqi Deputy Prime Minister Ahmed Chalabi said the former Australian ...
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