Asset-based lending definition
Asset-based lending means a commercial financing in which a provider advances loans to a recipient which (i) repayment obligations are secured by collateral consisting of certain assets of the recipient including accounts receivable, payment intangibles, cash receipts, inventory or equipment and (ii) the amount of the loan is equal to a percentage of the value of some or all of the assets securing its repayment.
Asset-based lending means a transaction in which advances are made from time to time contingent on a recipient forwarding payments received from one or more third parties for goods the recipient has supplied or services the recipient has rendered to that third party or parties.
Asset-based lending means commercial finance where loans are secured by assets and subject to a borrowing base.
More Definitions of Asset-based lending
Asset-based lending means the business of acting as a lender to provide lines of credit that are secured by accounts receivable, inventory, or cash of the borrower(s).