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In a flexible manufacturing system,computer-controlled equipment can easily be adapted to produce a variety of goods.
Payday Lender
A financial institution that offers high-interest, short-term loans, usually due on the borrower's next payday.
Proxy Statement
A document containing the information that a company is required by law to provide to shareholders to solicit proxies for voting at a shareholder meeting.
Affirmative Covenants
Provisions in a loan agreement requiring the borrower to undertake certain actions or meet specific conditions.
Negative Covenants
Restrictions in loan agreements that prohibit certain actions by the borrower, intended to protect the interests of the lender.
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