Examlex
Match each statement with the correct item below:
-NMES
Trust Receipt
A trust receipt is a financial document issued by a bank to a buyer who has obtained a loan to purchase goods, where the buyer agrees to hold the goods in trust for the bank until the loan is repaid.
Inventory Loans
Short-term loans or lines of credit secured by a company’s inventory, used to purchase products for sale.
Factoring Accounts Receivable
A financial transaction where a business sells its accounts receivable to a third party at a discount to immediately raise cash.
Commercial Paper
An unsecured, short-term debt instrument used by corporations to finance their immediate needs.
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