ASSETBASED LENDING
\ˈasɪtbˌe͡ɪst lˈɛndɪŋ], \ˈasɪtbˌeɪst lˈɛndɪŋ], \ˈa_s_ɪ_t_b_ˌeɪ_s_t l_ˈɛ_n_d_ɪ_ŋ]\
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Financing that uses the asset being purchased as collateral for the funds to buy it. The collateral's quality is the important factor here. The loan amount is based on the asset value and its marketability upon default. Its off balance sheet financing. AK
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.