asset-based lending

Definition

Type of financing in which the asset being bought (such as inventory, land, or machine) is used as a collateral. In asset based lending, the quality of the collateral and not the financial strength of the borrower is of prime importance. The lender bases the amount of loan on the value of the asset being financed, and the ease with which it could be sold off if the borrower defaults. It is a type of 'off balance sheet' financing, and is also called asset based financing, asset financing, or commercial finance. See also discounting of accounts receivable and factoring.

单词	asset-based lending
释义	asset-based lending Definition Type of financing in which the asset being bought (such as inventory, land, or machine) is used as a collateral. In asset based lending, the quality of the collateral and not the financial strength of the borrower is of prime importance. The lender bases the amount of loan on the value of the asset being financed, and the ease with which it could be sold off if the borrower defaults. It is a type of 'off balance sheet' financing, and is also called asset based financing, asset financing, or commercial finance. See also discounting of accounts receivable and factoring.
随便看	authentication key authenticity authentic record author authoring authoring tool authoritarianism authoritarian leadership authoritarian personality authority authority to pay authorization authorization code authorized bank authorized capital Authorized Economic Operator (AEO) authorized person authorized price list authorized settlement agent authorized share capital authorized signatory authorized stock authorized unpriced work (AUW) authorized user authorized work