Export-Import Bank

[ ek-spawrt-im-pawrt, ek-spohrt-im-pohrt ]
/ ˈɛk spɔrtˈɪm pɔrt, ˈɛk spoʊrtˈɪm poʊrt /

noun

a U.S. federal bank, established in 1934, that is authorized, in the interest of promoting foreign trade, to make loans to foreign governments and commercial enterprises, with the provision that such funds be used only to purchase U.S. goods.

QUIZZES

FOR POSTERITY’S SAKE, TAKE THIS WORD OF THE DAY QUIZ!

Are words your bailiwick? Take the latest quiz on the words from July 6 to July 12 to find out.
Question 1 of 7
bailiwick
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020