PRE-EXPORT FINANCING
\pɹˈiːˈɛkspɔːt fa͡ɪnˈansɪŋ], \pɹˈiːˈɛkspɔːt faɪnˈansɪŋ], \p_ɹ_ˈiː__ˈɛ_k_s_p_ɔː_t f_aɪ_n_ˈa_n_s_ɪ_ŋ]\
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Loans that are provided to exporting companies, after the lenders carefully check and ensure that orders have been placed for the goods, hence ensuring that they will get returns for their loans. Usually the interest rate is as per the current markets.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.