Public Law 87 311

Definition of "Public law 87-311"

1961 federal legislation that allows the U.S. Export-Import Bank to set up insurance protection for U.S. exporters against credit risk and political risk in order to help make U.S. exports more competitive and bolster the U.S. trade balance. The Foreign Credit Insurance Association oversees the insurance program, which is written by private insurers.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ