A subordination of security interest in property allows another creditor to have the rights to the proceeds of the sale of that property before the claim of the subordinated creditor. Term Refers to the maturity or length of time until final repayment on a loan, bond, sale or other contractual obligation. User A non- or for-profit entity that receives a program-related investment directly from a funder for use private cash loans south africa its programs or ventures.
Warranties Statement attesting that certain statements are true. For instance, the borrower may warrant that it is a corporation, that it is entering into the agreement legally and that financial statements supplied to the bank are true. Working Capital Technically, means current assets and current liabilities. The term is commonly used a synonymous with net working capital. The term often also is used to refer to all short-term funding needs for operations (excluding debt service and fixed assets).
A company's investment in current assets that are used to maintain normal business operations. Net working capital, which is the excess of current assets over current liabilities is also interchangeable with working capital.
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