concessional sale

Credit sales of a commodity in which the foreign buyer is allowed more favorable payment terms than those on the open (commercial) market. For example, Title I of the Food for Peace Program (P.L. 480) provides for financing sales of U.S. commodities with low-interest, long-term credit. 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.

Authorization Path: 1.2.1.2.12.0