What is AN Asset (Finance)?
RELATED TERMS
- Asset Based Lending (ABL)
Asset-based lending (ABL) is a type of business financing where loans or lines of credit are provided to companies based on the value of their assets. These assets, which serve as collateral for the loan, can include accounts receivable, inventory,…
- Current Assets
Current Assets represent the value of all assets within a business that is Cash or expected to be converted into cash within one year and are found in the Asset Section of a Balance Sheet.
- Special Assets Department
Special Assets Department or Bank Workout Group is the department within a lender that handles business loans and other types of funding that are in trouble. When a business has experienced multiple quarters of loses, perhaps missed loan payments or…