Examlex
Why is global warming expected to increase the frequency and severity of hurricanes?
Factoring
A financial transaction where a business sells its accounts receivable to a third party at a discount in exchange for immediate cash.
Recourse
In secured lending, if the asset collateralizing a loan proves not to have the value anticipated, recourse implies the borrower is still responsible for the debt. The lender is said to have recourse to the borrower.
Seasonal Working Capital
Additional working capital needed to support fluctuations in business activity due to seasonal changes in demand.
Short-Term Loans
Loans that are scheduled to be repaid in less than a year, often used for working capital or emergency financing needs.
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