20 Terms
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General Finance
Industry: Financial services
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General Finance
without recourse
Financial services; General Finance
Giving the lender no right to seek payment or seize assets in the event of nonpayment from anyone other than the party specified in the debt contract (such as a special-purpose entity).
Without Recourse Financing
Financial services; General Finance
Financing in which the right of recourse to the party receiving funds is forfeited to the party advancing funds. This may be evidenced by conditions added to the endorsement of a draft being sold by ...
working
Financial services; General Finance
Attempting to complete the remaining part of a trade, by finding either buyers or sellers for the rest.
working capital
Financial services; General Finance
Defined as the difference between current assets and current liabilities (excluding short-term debt). Current assets may or may not include cash and cash equivalents, depending on the company.
working capital management
Financial services; General Finance
The deployment of current assets and current liabilities so as to maximize short-term liquidity.
working capital ratio
Financial services; General Finance
Working capital expressed as a percentage of sales.
