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Indeed some of the better drafted statutes were quite precisely limited to the trouble area revealed by Klauder: short-term receivables of the type which were customarily the subject of non-notification financing.
But the 25% does not take into account the property already sold and short-term receivables from the sale.
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To acquire CPP from its creditors, Iverson and his partners had put up $700,000 in equity and obtained $7.8 million in financing from FSB, consisting of a $1.3 million short-term loan against receivables and a $6.5 million loan against assets.
We plan to extend our credit line to cover as much as $150,000 in short-term credit, backed by receivables and inventory.
But the company has $4.9 billion in cash, including short-term securities and accounts receivable.
The most common types of collateral used for short-term credit are accounts receivable and inventories.
The Commercial Financing offers short-term inventory and accounts receivable financing to dealers and remarketers of IT products.
We plan to take out a short-term loan to cover our receivables and other contingencies in month one, and repay it in month 12. Need actual charts?
A desire to shorten accounts payable in Year 2 to take advantage of all available trade discounts, together with rising receivables, will result in a short-term need for increased bank lines of credit of approximately $30,000.
KIT digital says that it anticipates assuming a relatively small amount of short-term debt at closing, in order to finance ioko's accounts receivables, which the company expects to pay down quickly.
Moreover, the relatively static supply of commercial paper has pushed growing numbers of funds into "asset backed" loans, a form of short-term financing secured by such things as leases and accounts receivable.
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