Final answer:
Buyer for export, export commission house, or export confirming house refer to entities facilitating the repatriation of funds for foreign firms and assisting with international transactions for U.S. tourists.
Step-by-step explanation:
Entities that are variously referred to as buyer for export, export commission house, or export confirming house are key players in international trade. They act on behalf of local sellers who want to sell their products in foreign markets.
For example, if a foreign firm has sold imported goods in the United States and earned U.S. dollars, it may use such an entity to repatriate the funds to cover expenses in its home country. Furthermore, these entities can also deal with situations involving U.S. tourists leaving to visit other countries by facilitating currency exchanges or transactions that pay for international expenses.