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Trust Receipt
A document issued by a bank to a buyer who has received merchandise but not yet paid for it, acknowledging that the buyer holds the goods in trust for the bank until payment is made.
Revolving-Credit Agreement
A financial agreement permitting a business or person to lend, pay back, and re-lend funds up to an approved borrowing limit.
Commitment Fee
A fee paid by a borrower to a lender to keep a line of credit open or to guarantee a loan's terms.
Contractual Agreement
A contractual agreement is a legally binding exchange of promises or an agreement between parties that is enforceable by law.
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