Examlex
Online competitors introduced two new concepts that challenged newspaper executives to maintain the foothold their classified advertising sections had. The concepts are:
Crowdfunded Product
A product or project financed by raising small amounts of money from a large number of people, typically via the Internet.
Advertised Ship Date
The publicly announced date on which a product is expected to be shipped to customers or retailers from the manufacturer.
Crowdfunding Site
A website that allows individuals or businesses to raise funds for various projects or ventures by collecting small amounts of money from a large number of people.
Formal Loan
A loan that is legally structured and documented, typically provided by financial institutions under agreed terms and conditions.
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