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Restrictive Covenants
Clauses in a contract that limit or restrict actions the borrower may take during the term of the loan to protect the lender's interests.
Direct Placement
A method of raising capital by selling securities directly to institutional investors like pension funds and mutual funds without public offering.
Long-term Debt
Refers to loans or borrowed capital that is repaid over a time frame longer than one year.
Prototype Financing
The process of securing funds to design, build, and test a prototype before mass production, critical in the development of new products or technologies.
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