Reimbursement credit. This is a form of credit that figures in dealings in both domestic and
foreign exchange.  If a seller of goods in Boston to a buyer in Chicago desires to receive his pay
for them in New York the buyer in Chicago establishes a credit in New York which the seller in
Boston may draw against. Subsequently the one with whom the credit is established in New York
draws upon the buyer in Chicago.or else the buyer in Chicago makes a remittance for the amount
which the Boston seller draws for. If a seller of goods in China to a buyer in New York desires to
receive his pay in London the process is the same as in the case of the seller in Boston to the
buyer in Chicago.