Examlex
Africa's economies are largely centered on the production of textiles.
Factoring Receivables
The financial transaction where a business sells its accounts receivable (invoices) to a third party (factor) at a discount to obtain immediate cash.
Blanket Inventory Lien
A secured interest over all of the inventory of a borrower, granting the lender the right to seize inventory in the event of non-payment.
Committed Line Of Credit
A credit facility where the bank agrees to lend a specified amount of money to the company over a certain period of time.
Inventory Loan
A loan that is secured by the inventory of the borrower, providing companies with the capital needed to purchase products for sale.
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