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 >>

Ways to Cope Financially During and After a Big Change: Here are suggestions for staying focused and avoiding costly decisions during changing times. More...

Nothing splendid has ever been achieved except by those who dared believe that something inside of them was superior to circumstance. Bruce Barton

Advertising



Copyright 2009-2018 GVC. All rights reserved.