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Business 121

TermDefinition
REVOLVING CREDIT AGREEMENT line of credit, guaranteed, usually comes with fee
Commercial finance companies Organizations that make short-terms loans to borrowers who offer tangible assets as collateral
Factoring The process of selling accounts receivable for cash
Secured Loan Loan backed up by something valuable such as property
Unsecured Loan A loan that does not require any collateral (higher regarded companies)
Line of Credit Given amount of unsecured short-term funds a bank will lend a business
Commercial Paper Unsecured promissory notes in amounts of $100K and due in 270 days or less
Promissory Note Promise to pay a specific sum of money at a definite time
Created by: annanav
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