Examlex
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Time-Sales Financing
A financing method where payments are made in installments over a predetermined time period.
Prepayment Penalties
Fees charged to borrowers for paying off a loan early, as compensation for the lender's lost interest income.
Pledge of Inventory
The use of a company's inventory as collateral to secure a loan or meet other financial obligations.
Factoring
A financial transaction where a business sells its accounts receivable to a third party at a discount to raise immediate capital.
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