Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Trust receipt loans are generally used by new car dealers to finance their inventories
The bank offers short-term financing in the form of Trust Receipts (T/R), wherein the bank will make advance payments for products and services on behalf of buyers or importers. The buyer or importer will pay the bank on the maturity date according to the T/R term.
Distributors and dealers who deal in expensive items sometimes utilize trust receipts; they receive the inventory through trust receipt agreements with their lenders and then repay the lenders as the inventory is sold. Trust receipt contracts fall under the category of asset-based lending.
Learn more about Financing here:
https://brainly.com/question/15031166
#SPJ4
Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.
