홈 > Term: blended credit
blended credit
A federal export promotion program operated from 1983 to 1985 by the Foreign Agricultural Service. Federally guaranteed commercial loans at market interest rates (GSM-102) were combined (blended) with direct export credits (GSM-5) issued by the CCC at zero interest. This subsidized credit was made available to selected countries for a limited number of agricultural commodities. The program was terminated in 1985 when a federal judge determined that commodities shipped under blended credit were subject to cargo preference laws, which would have required that 50% of blended credit exports be shipped on higher-cost U.S. flag vessels.
- 품사: noun
- 분야/도메인: 농업
- 카테고리: 농업 프로그램 & 법
- Company: USDA
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