A Finance Strategy Should Not Only Provide Financing, but Should

question 34

True/False

A finance strategy should not only provide financing, but should also help a firm identify those key areas that can be done more efficiently or cheaply.

---

Definitions:

Trade Name

The commercial name under which a business operates and is known to the public, distinct from the business's legal name.

Collateral

An asset pledged by a borrower to secure a loan, which can be seized by the lender if the loan is defaulted on.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.

Attachment

A legal process in which a court designates property of the defendant to be seized or secured to satisfy a potential judgment.