Examlex
Features of a term loan include
1) restrictive covenants
2) repayment schedules
3) dividend payments
Collection Float
The time span between when a check is deposited and when the funds are actually available in the account, reflecting processing time.
Checks
Checks are written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated party.
Bank
A financial institution licensed to receive deposits and make loans.
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