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Understanding Trust Receipt Loans by MaFatimaP.Lee is a document available to read on EtoBox.
What is Understanding Trust Receipt Loans about?
A trust receipt is a financial document between a bank and business where the bank retains ownership of goods but allows the business to hold them. The bank pays the supplier for the goods and the business promises to repay the bank from selling the goods. The business must keep the goods separate and can use them until the loan is repaid. Trust receipts typically have short maturity dates of 30-180 days, at which point the business must have repaid the loan. The bank bears most credit risk while the busine
- Author
- MaFatimaP.Lee
- Language
- EN