floor plan financing

A loan that is secured by merchandise and paid off as the goods are sold.

• Usu. such a loan is given by a manufacturer to a retailer or other dealer (as a car dealer).

— Also termed floor planning. Cf. FIELD WAREHOUSING.

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词条贡献者

译员Clara，毕业于国内知名法学院，擅长翻译有关建筑领域的法律文件。