Business / Agriculture / Blended Credit: A federal export promotion program operated from 1983 to 1985 by the Foreign Agricultural Service. Federally guaranteed commercial loans at market interest rates (GSM-102) were combined (blended) with direct export credits (GSM-5) issued by the CCC at zero interest. This subsidized credit was made available to selected countries for a limited number of agricultural commodities. The program was terminated in 1985 when a federal judge determined that commodities shipped under blended credit were subject to cargo preference laws, which would have required that 50% of blended credit exports be shipped on higher-cost U.S. flag vessels.
Credit Verb Synonyms: ascribe, acknowledge, attribute, assign, impute
Credit Noun Synonyms: belief, faith, trust, credence
Business / Agriculture / GSM-5 Direct Export Credit Program: A federal export assistance program once operated by the Foreign Agricultural Service. Loans were made directly by the Commodity Credit Corporation at USDA-determined interest rates to foreign buyers MORE
Business / Finance / Five Cs Of Credit: Used in the context of general equities. Chronological listing of trades in a security showing the price, size, exchange, and time (to the second) of the trades; obtained by hitting '#M' on Quotron. MORE