floor plan financing

Arrangement for the lending of money to an automobile dealer, or other supplier of goods, so that he may purchase cars, or other articles, to include in his inventory; the loan being secured by the automobiles or other goods while in the dealer's possession, and is gradually reduced as the cars or other merchandise are sold. Harlan v. U. S., 160 Ct.Cl. 209, 312 F.2d 402, 406

Black's law dictionary. . 1990.

Look at other dictionaries:

  • floor plan lending — noun Also known as wholesale lending, a form of retail goods inventory financing in which each loan advance is made against a specific piece of collateral …   Wiktionary

  • floor planning — noun : a system of financed wholesale purchasing of expensive items (as automobiles or major electrical appliances) whereby a retailer stocks his sales floor with a minimal outlay of cash * * * a system of financing that permits a dealer to… …   Useful english dictionary

  • floor planning — a system of financing that permits a dealer to borrow money to buy goods, which become the security for the loan that is repaid when the merchandise is sold. Also called floor plan financing. * * * …   Universalium

  • floor planning — floor plan·ning n: a method of financing a retail sales business in which the retailer gives a security interest in all of the inventory to the lender or seller Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • floored — An automobile is floored when it is financed under a trust receipt, floor plan financing agreement, or similar title retention document, whereby retail dealer obtains possession of automobile from distributor for exhibition and sale through… …   Black's law dictionary

  • charging lien — A lien is a charging lien where the debt is a charge upon the specific property although it remains in the debtor s possession. See floor plan financing. The right of an attorney to have expenses and compensation due for services in a suit… …   Black's law dictionary

  • St. Peter's Basilica — Papal Basilica of Saint Peter Basilica Papale di San Pietro in Vaticano (Italian) Basilica Sancti Petri (Latin) …   Wikipedia

  • 7 World Trade Center — Infobox Skyscraper building name=7 World Trade Center The new 7 World Trade Center (view from southeast) construction period=2002–2006 use=Office location=250 Greenwich Street New York City, New York, United States roof=741 ft (226 m) floor count …   Wikipedia

  • Franklin Place — Franklin Place, designed by Charles Bulfinch and built in Boston, Massachusetts in 1793 95, included a row of sixteen three story brick townhouses that extended in a 480 foot [Whitehill, Walter Muir and Kennedy, Lawrence W. Boston: A… …   Wikipedia

  • Monadnock Building — U.S. National Register of Historic Places U.S. National Historic Landmark District Contributing Property …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.