Export-import Bank (Ex-IM Bank)

Definition:

The U.S. federal government agency that extends trade credits to U.S. companies to facilitate the financing of U.S. exports.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Nonrecourse loan

A loan for which no partner or related person bears the economic risk of loss. For example, if a partnership fails to repay a nonrecourse loan, the lender has no recourse against any partner except... Read More

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