Vendor financing
Definition
The lending of money by a company to its customers so that the customers can in turn purchase products from the company. The company is basically increasing its sales by basically buying its own products.
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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University
Term of the Day
Replacement cost insurance
Insurance that pays out the full amount required to replace damaged property with new property, without taking into account the depreciated value of the property.
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