Export credit guarantee,
Definition of Export credit guarantee:
Type of insurance policy that protects an exporter against non-payment (default) by an importer. Offered generally by a countrys 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 exporters invoices.
Meaning of Export credit guarantee & Export credit guarantee Definition