From Longman Business Dictionaryexport credit guaranteeˌexport ˈcredit guaranˌteeFINANCE a promise by a government organization to an exporter that they will repay loans taken out to finance the goods being exported if the importer fails to pay for themThe 1990 farm law forbids the Agriculture Department from extending agricultural export credit guarantees to any country that can’t adequately service the debt. → guarantee
