12 USC § 635t - Definitions

---
identifier: "/us/usc/t12/s635t"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 635t - Definitions"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "635t"
section_name: "Definitions"
chapter_number: 6
chapter_name: "EXPORT-IMPORT BANK OF THE UNITED STATES"
subchapter_number: "III"
subchapter_name: "TIED AID CREDIT EXPORT SUBSIDIES"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 98–181, title I [title VI, § 647], Nov. 30, 1983, 97 Stat. 1265.)"
---


# § 635t. Definitions

For purposes of this subchapter—

**(1)** the term “tied aid credit” means credit—

**(A)** which is provided for development aid purposes;

**(B)** which is tied to the purchase of exports from the country granting the credit;

**(C)** which is financed either exclusively from public funds, or, as a mixed credit, partly from public and partly from private funds; and

**(D)** which has a grant element, as defined by the Development Assistance Committee of the Organization for Economic Cooperation and Development, greater than zero percent;

**(2)** the term “government-mixed credits” means the combined use of credits, insurance, and guarantees offered by the Export-Import Bank of the United States with concessional financing or grants offered by the Agency for International Development to finance exports;

**(3)** the term “public-private cofinancing” means the combined use of either official development assistance or official export credit with private commercial credit to finance exports;

**(4)** the term “blending of financings” means the use of various combinations of official development assistance, official export credit, and private commercial credit, integrated into a single package with a single set of financial terms, to finance exports;

**(5)** the term “parallel financing” means the related use of various combinations of separate lines of official development assistance, official export credits, and private commercial credit, not combined into a single package with a single set of financial terms, to finance exports; and

**(6)** the term “Bank” means the Export-Import Bank of the United States.

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**Source Credit**: (Pub. L. 98–181, title I [title VI, § 647], Nov. 30, 1983, 97 Stat. 1265.)