When a seller of high-end services wants to offer installment payment terms to purchasers,they can sell and assign that installment contract to a bank or sales finance company.
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Q2: A bank's financing of installment note receivables
Q4: Time-sales financing is a way for a
Q5: The use of line of credit funds
Q6: 'Resting the line' occurs when a bank
Q8: One way to acquire financing on existing
Q9: A sales contract is financed by a
Q10: In the US,commercial banks are the primary
Q12: The primary reason banks are lower-risk lenders
Q13: Finance companies have reasonable prepayment penalties.
Q18: Trade creditors sometimes regard factoring as evidence
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