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

资深译员Betty，知名法学院国际金融法专业，擅长翻译各类与并购业务相关的法律文件。