Term of Day
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in which the
, or machine) is used as a
. In asset based lending, the
of the collateral and not the
is of prime importance. The
of the asset being financed, and the ease with which it could be sold off if the borrower defaults. It is a type of 'off balance sheet' financing, and is also called asset based financing, asset financing, or
finance. See also
discounting of accounts receivable
letter of credi...
pro forma invoi...
net present val...
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