---
kind: "section"
citation: "12 U.S.C. § 635t"
title: "12"
title_heading: "Banks and Banking"
number: "635t"
heading: "Definitions"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/12/635t"
units:
  - "Chapter 6A — Export-Import Bank of the United States"
  - "Subchapter III — Tied Aid Credit Export Subsidies"
---

# §635t. Definitions


For purposes of this subchapter—

- (1) the term “tied aid credit” means [credit](/usc/12/5481.md?p=7)—
  - (A) which is provided for development aid purposes;
  - (B) which is tied to the purchase of exports from the country granting the [credit](/usc/12/5481.md?p=7);
  - (C) which is financed either exclusively from public funds, or, as a mixed [credit](/usc/12/5481.md?p=7), 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](/usc/12/5481.md?p=7), insurance, and guarantees offered by the Export-Import [Bank](#6) 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](/usc/12/5481.md?p=7) with private commercial [credit](/usc/12/5481.md?p=7) to finance exports;
- (4) the term “blending of financings” means the use of various combinations of official development assistance, official export [credit](/usc/12/5481.md?p=7), and private commercial [credit](/usc/12/5481.md?p=7), 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](/usc/12/5481.md?p=7), and private commercial [credit](/usc/12/5481.md?p=7), 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.

## Source credit

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