Identify the following rhythm: ____________________
Definitions:
Compensating Balances
Minimum balance requirements imposed by banks on corporate customers in exchange for banking services or loans.
Trust Receipts
Documents acknowledging the receipt of goods by a trustee while detailing the terms of an agreement for selling or holding the goods.
Collateral
An asset backing a loan. In the event of default the collateral becomes the property of the lender to satisfy the obligation. Also called security for the loan.
Public Warehouses
Warehousing facilities operated by third parties that offer storage and handling services to the public for a fee.
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