Asset-backed lending
Finance secured against assets such as property, stock, equipment or receivables. The lender’s position depends on the security it holds.
Related terms
-
Secured lending
Lending supported by security over assets, giving the lender additional recovery rights if the borrower defaults.
-
Secured debt
Debt backed by security over an asset, such as a mortgage over property or a charge over business assets.
-
Floating charge
Security over a changing class of company assets, such as stock or receivables, allowing the company to deal with them in the ordinary course of business until the charge crystallises.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help