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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 fairwinds personal loans 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 cash loans phoenix use in 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 cash loans phoenix 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.