Advertising

Trust receipt inventory loan

• A secured short-term loan against inventory under which the lender advances 80 to 100 percent of the cost of the borrower's relatively expensive inventory items in exchange for the borrower's promise to repay the lender, with accrued interest, immediately after the sale of each item of collateral.

 
 

Follow this link for all the terms related to loan.

 
 Embedded terms in definition
 Accrued interest
Collateral
Exchange
Interest
Inventory
Sale
Secured
Term loan
 
 Related Terms
 

<< Trust receipt Trustee >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

Having once decided to achieve a certain task, achieve it at all costs of tedium and distaste. The gain in self-confidence of having accomplished a tiresome labor is immense. Thomas Arnold Bennett

Advertising



Copyright 2009-2018 GVC. All rights reserved.