Floor plan, or wholesale, lending is a form of retail goods inventory financing in which each loan advance is made against a specific piece of collateral. As each piece of collateral is sold by the dealer, the loan advance against that piece of collateral is repaid. Items commonly subject to floor plan debt are auto mobiles, large home appliances, furniture, television and stereo equipment, boats, mobile homes, and other types of merchandise usually sold under a sales finance contract
Author: Comptroller of the Currency |
Publisher: Createspace Independent Publishing Platform |
Publication Date: Oct 31, 2014 |
Number of Pages: 26 pages |
Binding: Paperback or Softback |
ISBN-10: 1502935317 |
ISBN-13: 9781502935311 |