Guaranteed Credit

Guaranteed Credit

 

in the capitalist countries the form of loan capital allocated by one industrial or commercial enterprise to another under the guarantee of a bank or of a government department or institution. Guaranteed credits of bank or special credit institutions in the 1960’s were primarily long-term credits. The bourgeois state is often the guarantor of the obligations of the largest monopolies. For example, in 1967 the government of the Federal Republic of Germany granted to the banks financing the Krupp concern a guarantee of 300 million German marks. Guarantees are granted most often in the area of export credits; state guarantees are especially prevalent in the export of entrepreneurial and loan capital, including guaranteed loans. In the USA a major guarantor is the Export-Import Bank; similar guarantors in Japan are the Export-Import Bank and the Overseas Economic Cooperation Fund; in the Federal Republic of Germany, the Credit Institute for Restoration; and in France, the French Insurance Company for Foreign Trade and the National Bank (Crédit National).

In the socialist countries guaranteed credits are used mainly in financing foreign trade. The International Bank of Economic Cooperation gives guarantees for export credits (as a rule short-term ones) with a view toward expanding trade relations between the socialist countries as well as between socialist and capitalist countries and especially between socialist and developing countries. With the growth of the economic independence of enterprises and the possibilities (in some socialist countries) of entry of enterprises or production associations into foreign markets, the sphere of guaranteed credits is widening.

V. E. RYBALKIN

References in periodicals archive ?
Under the agreement, graduate students at Raffles Design Institute who meet the admission requirements will receive guaranteed credit towards their Bachelor of Design or Animation Degree at the SAE Institute campus in Dubai.
Those who will enter higher education next year will be eligible for 13 benefits: Free, Bicentennial Scholarship, New Millennium Scholarship, Juan Gomez Millas Scholarship, Academic Excellence Scholarship, PSU Score Scholarship, Technical Excellence Scholarship, Scholarship for Children of Education Professionals, Juan Gmez Foreign Miles Scholarship, Scholarships for students with disabilities, the University Credit Solidarity Fund (FSCU), the State Guaranteed Credit (CAE) and the Food Grant (Junaeb).
A If your mother had the income alone then yes she would qualify for the guaranteed credit as she earns less than PS155.60 a week.
Moody's said the assumption of financial support from private shareholders can't be taken as a guaranteed credit enhancement.
Industrial group Sandvik (STO:SAND.ST) said today that it has concluded an agreement for a guaranteed credit facility.
The rating affirmation is based on the government's decision to extend a EUR260.7m (USD181m) loan to the company, enabling it to repay a EUR300m guaranteed credit due on 11 April 2011.
"A very unique element of Sports Inc.'s service is our guaranteed credit, central billing and central payment for all approved vendors," Wilson said.
Reference the March budget to: 'Who gets council tax rebate and when?' The flat rate pounds 200 payment, to help pay for council tax, will be paid to each household containing at least one person who is 65 or above, (assuming they're not getting the guaranteed credit part pension credit).
She has now been awarded pounds 58.51 Pension Credit per week, pounds 43 guaranteed credit element and pounds 15.51 savings credit element.
Ms Shouler has now been awarded pounds 58.51 Pension Credit per week, pounds 43 guaranteed credit element and pounds 15.51 savings credit element.
Ms Shouler has now been awarded pounds 58.51 Pension Credit per week (pounds 43.00 guaranteed credit element and pounds 15.51 savings credit element).
Mrs Shouler has now been awarded pounds 58.51 Pension Credit per week - pounds 43.00 guaranteed credit element and pounds 15.51 savings credit element.

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