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A company obtained 2 financing packages. First financing package: - Facility (Working Capital). - Amount ($600,000). - Tenure (3 Years) Second financing package: - Facility
A company obtained 2 financing packages. First financing package: - Facility (Working Capital). - Amount ($600,000). - Tenure (3 Years) Second financing package: - Facility (Fixed asset financing). - Amount ($2,000,000). - Tenure (10 Years). Question: Discuss TWO (2) types of "Collateral" that can be used to secure EACH OF FINANCING obtained by the company. Please explain definitions and discuss in details
First financing package:
- Facility (Working Capital).
- Amount ($600,000).
- Tenure (3 Years)
Second financing package:
- Facility (Fixed asset financing).
- Amount ($2,000,000).
- Tenure (10 Years).
Question: Discuss TWO (2) types of "Collateral" that can be used to secure EACH OF FINANCING obtained by the company.
Please explain definitions and discuss in details
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