financing agency

A bank, finance company, or other entity that in the ordinary course of business (1) makes advances against goods or documents of title, or (2) by arrangement with either the seller or the buyer intervenes to make or collect payment due or claimed under a contract for sale, as by purchasing or paying the seller’s draft, making advances against it, or taking it for collection, regardless of whether documents of title accompany the draft. UCC § 2-104(2).

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词条贡献者

译者Jane，毕业于国内一流的高级翻译学院，擅长翻译各种与人工智能相关的法律文件。