floor plan lending

floor plan lending
Also known as wholesale lending, a form of retail goods inventory financing in which each loan advance is made against a specific piece of collateral.

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  • floor plan financing — Arrangement for the lending of money to an automobile dealer, or other supplier of goods, so that he may purchase cars, or other articles, to include in his inventory; the loan being secured by the automobiles or other goods while in the dealer s …   Black's law dictionary

  • floor plan financing — Arrangement for the lending of money to an automobile dealer, or other supplier of goods, so that he may purchase cars, or other articles, to include in his inventory; the loan being secured by the automobiles or other goods while in the dealer s …   Black's law dictionary

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