a financing arrangement whereby an exporter supplies goods to an overseas buyer in return for a partial cash payment and notes or bills covering the balance owed. The notes or bills are then sold by the exporter to his bank.
Real 17.3 näidatakse kasutatud tarnijakrediite, mille kokkulepitud krediidiaeg on pikem kui üks aasta, ja püsikrediite nii lao kui inventari soetuste finantseerimiseks.
The term 'supplier credit` shall apply to a commercial contract providing for an export of goods and/or services originating in a Member State between one or more suppliers and one or more buyers, whereby the buyer(s) undertake to pay the supplier(s) on cash terms or on credit terms.
