Termination Statement

In Asset-based lending, the document signed by the Lender when the borrower pays off his/her secured Obligation.

Related Terms: 10 Asset, Asset-based lending, Borrow, Base, ECU, Lend, Lender, Obligation, Owe, SEC

Other Related Pages: Category: Lending_and_Credit Starting With: T

Additional Related Terms: Active asset, Asset, Asset/equity ratio, Asset management account, Accrual of discount, Amortization of premium, Asset-backed security, Asset swap, At par, All or any part