Definition of Concessional (export) sale

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TeachMeFinance.com - explain Concessional (export) sale



Concessional (export) sale

The term 'Concessional (export) sale ' as it applies to the area of agriculture can be defined as ' A sale in which a foreign buyer is allowed loan payment terms that are more favorable than those obtainable in the commercial market. Under P.L. 480, the concessional provisions (compared to the commercial market) may include a lengthy credit period, a grace period before repayment begins, and a low interest'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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