The Working Capital Loan Guarantee Program Is Administered by The

question 39

Multiple Choice

The Working Capital Loan Guarantee Program is administered by the:

• A) Private Export Funding Corporation (PEFCO).
• B) Overseas Private Investment Corporation (OPIC).
• C) Ex-Im Bank.
• D) Foreign Credit Insurance Association (FCIA).

---

Definitions:

Creditor Beneficiary

A third party that benefits from a contract made between two other parties, especially in terms of having the right to claim performance or compensation.

Donee Beneficiary

An external party that gains advantages from an agreement established between two different parties.

Delegation

The process of assigning authority and responsibilities to others to carry out specific activities or tasks.

Assignment Effective

The point in time when a contractual assignment of rights or interests from one party to another becomes valid and enforceable.