PLC Financial Glossary

What is it? Public Limited Company. A company that has shares available for the public to buy.

Finance Term Definition Added By: Steven

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Other Similar Finance Terms:

Financial Term Commitment Letter is A written promise to make or insure a loan for a specified amount and on specified terms.

Financial Term Nonrecourse facility is Advance of finance against unpaid outstanding invoices in which the credit risk is passed over to the finance company. A non-recourse facility comes with credit insurance meaning you dont have to pay back advances in the event of bad debts. Non-recourse agreements tend to be more restrictive when looking at funding decisions, and more expensive than recourse facilities (see also Recourse)

Financial Term Death Taxes is A general term used to refer to taxes against property or the transfer of assets upon the death of the owner, including all estate and inheritance taxes. Sometimes referred to as estate taxes.

Financial Term warehouse receipt is Written evidence of goods held in a warehouse operated by a third party. The goods may be in a public (i.e., general), private, or field warehouse. Also known as collateral receipts. The receipts may be negotiable or non-negotiable. Negotiable warehouse receipts are bearer instruments. A negotiable warehouse receipt can be sold to a buyer who then owns the inventory covered by the receipt.

Financial Term Capital Asset is All property used in conducting a business other than assets held primarily for sale in the ordinary course of business or depreciable, and real property used in conducting a business.