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What is a database?
Positive Covenant
Positive covenant refers to stipulations in financial contracts that require the borrower to perform specific actions, such as maintaining certain financial ratios or insurance levels.
Loan Agreement
A legal contract between a borrower and a lender that outlines the terms and conditions of a loan, including repayment schedule, interest rates, and collateral.
Factoring
A financial transaction where a business sells its accounts receivable to a third party at a discount to raise immediate capital.
Financing
The act of providing funds for business activities, making purchases, or investing, often involving loans, equity investments, or other forms of financial support.
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