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Second Mortgage
A loan taken out on a property that is already mortgaged, with the second loan being subordinate to the first.
Trade Credit
A type of commercial financing in which a buyer is allowed to purchase goods or services and pay the supplier at a later scheduled date.
Line of Credit
A flexible loan from a bank or financial institution that offers a borrower a maximum amount of money they can borrow over a specified time period.
Receivable Financing
A financing arrangement where a business uses its accounts receivable as collateral for a loan, improving cash flow.
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