What is Ineligibles?
Ineligibles are negotiable instruments or short terms assets that a company counts as an asset, but that a lender will not count as eligible collateral. Ineligible accounts might include accounts receivable that are more than 90 days past due, contra accounts, foreign accounts, affiliates (inter-company and employee) accounts, consignment sales, retention, change orders, pre-billing, stale inventory, WIP or illiquid investments.
Audio Definition/Pronunciation
OTHER TERMS BEGINNING WITH "I"
- Illiquid Assets
- Import Finance
- Income or Profit & Loss Statement (P&L)
- Income Statement
- Incoterms
- Indemnification
- Insolvencies
- Inspection Certificate
- Intangible Asset
- Intercreditor Agreement
- Interest Coverage Ratio
- Inventory
- Inventory Financing
- Invoice
- Invoice Factoring
- Invoice Financing
- Invoice Verification Process
- IRS Tax Lien