|
kingtradecapital.com
|
0 earned Badges No badges were found
Definitions (163)
1 |
0
0
Work in Process Financing
Work in Process or WIP Financing (not to be confused with work in progress, a term used in construction or the building trade) is the portion of your inventory that is being “worked”. Because of its unsalable condition, most lenders value WIP inventory lower than raw or finished (salable) inventory. Production Financing describes the same. King Tra [..]
Meaning awaits approval from a moderator |
2 |
0
0
Vendor Management System or VMS
A Vendor Management System (VMS) is an Internet-enabled, often Web-based application that acts as a mechanism for business to manage and procure staffing services – temporary, and, in some cases, permanent placement services – as well as outside contract or contingent labor. Many times the term VMS will also refer to the Account Debtor (King Trade [..]
Meaning awaits approval from a moderator |
3 |
0
0
Vendor Agreement
Most large corporations have their own Vendor or Supplier Agreement that spell out their terms and expectations with their suppliers.
Meaning awaits approval from a moderator |
4 |
0
0
Turnaround
A Turnaround represents a company demonstrating an improving financial situation after it has been performing poorly for an extended time or after a catastrophic event. King Trade Capital will many times fund companies in a turnaround situation.
Meaning awaits approval from a moderator |
5 |
0
0
Uniform Commercial Code Filing
A Uniform Commercial Code (UCC) Filing is a legal public notice that a creditor files (i.e., banks, ABL’s and factoring companies) to disclose that it has an interest in the assets of a debtor. A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is the specific legal form that a creditor files to give notice that it has or m [..]
Meaning awaits approval from a moderator |
6 |
0
0
Terms of the Sale
Terms of the Sale is an agreement between the buyer and the seller which references the price of goods being sold, the return policy, delivery
Meaning awaits approval from a moderator |
7 |
0
0
true sale
A “True Sale” means that the Big Box Retailer is purchasing the product from you and is obligated to pay you whether they sell it or not; the risk of sale is transferred to Mr. Retailer as soon as they accept delivery. Typically, factoring companies will only fund invoices that are a True Sale versus a Consignment or Guaranteed Sale.
Meaning awaits approval from a moderator |
8 |
0
0
subordination agreement
A Subordination Agreement is when a creditor is placed in a lower priority for the collection of its debt from its debtor’s assets than the priority the creditor previously had, In common parlance, the debt is said to be subordinated but in reality, it is the right of the creditor to collect the debt that has been reduced in priority. The priority [..]
Meaning awaits approval from a moderator |
9 |
0
0
Statement of Work
A Statement of Work (SOW) is a document, routinely employed in the field of project management, which defines project-specific activities, deliverables, and their respective timelines, all of which form a contractual obligation upon the vendor, in providing services to the client.
Meaning awaits approval from a moderator |
10 |
0
0
Small & Medium Enterprise Financing
Small & Medium Enterprise (SME) Financing is the funding of small and medium-sized businesses, and represents a major function of the general business finance market. King Trade Capital has specific programs for MBE’s (Minority Business Enterprises), DBE’s (Disadvantaged Business Enterprises) & SME’s to meet their unique working capital nee [..]
Meaning awaits approval from a moderator |
To view all 163 definitions, please sign in.