FOLIO Ontology

Identification

IRI:
https://folio.openlegalstandard.org/R9qWOyiOCY9v0cF2P0cRjvx
Label Asset-Based Lending Practice
Preferred Label Secured Financing Legal Practice
Identifier N/A
Alternative Labels
Asset-Backed Financing Practice Collateral-Based Lending Legal Work Secured Lending Practice

Definition

Asset-Based Lending Practice involves legal work related to providing loans secured by a borrower's assets, such as inventory, accounts receivable, or equipment. This practice includes drafting and negotiating loan agreements, conducting due diligence on collateral, and ensuring compliance with relevant laws and regulations.

Class Relationships

Sub Class Of

Is Defined By

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See Also

None

Parent Class Of 1

Class Hierarchy Visualization

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Additional Information

Metadata

Comment

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Description

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Notes

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Editorial Information

History Note

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Editorial Note

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Deprecated

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Source and Origin

No source or origin information available