Examlex
Match the term with its definition.
a.Asset-based loan
b.Basis point
c.Chattel mortgage
d.Equipment loan
e.JIBAR (Johannesburg Inter-Bank Agreed Rate)
f.Line of credit
g.Prime rate
h.Purchase-order financing
i.Term loan
-An instalment loan from a seller of machinery used by a business.
Service Life
The period during which a device, system, or component is expected to perform effectively and efficiently before requiring replacement or repair.
Snubber
A device that damps movement. Some fifth wheels are equipped with rubber block snubbers to damp trailer bump and pintle hook assemblies can be equipped with pneumatic (on-highway) or hydraulic (off-highway) snubbers.
Pintle Hook Assembly
A type of towing hitch system that uses a pintle hook and lunette ring, commonly used for heavy or military trailers.
Trailer Bump
A phenomenon or physical feature on a trailer designed to absorb impact or facilitate smooth towing operations.
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