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Concessional export sale
A sale in which a foreign buyer is allowed loan payment terms that are more favourable 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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- Part of Speech: noun
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- Industry/Domain: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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