Accounting has its own vocabulary and basic relationships. Match the following accounting terms with the corresponding definition or meaning.
Definitions:
Trade Creditors
Suppliers or vendors that allow businesses to buy goods or services on account, paying them at a later date.
Flexible Lending Arrangements
Financial agreements that offer adaptable repayment terms to accommodate the borrower's financial situation.
Asset-Based Lending
A type of financing where loans are given based on the value of an individual's or company's assets.
Loan Collateral
Assets or property pledged by a borrower to secure a loan, serving as a guarantee for the lender that the loan will be repaid.
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