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Simple English definitions for legal terms

field warehousing

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A quick definition of field warehousing:

Field warehousing is a way for a business to get money by using their inventory as collateral. They give their inventory to a third party, like a warehouse, who keeps it safe. The business can still use the inventory, but the third party has control over it. This helps the business get financing for their inventory without having to physically give it to the lender.

A more thorough explanation:

Definition: Field warehousing is an inventory-financing method where a merchant pledges their inventory to a third-party warehouser. This is done when the inventory cannot be delivered to the creditor or third party. The borrower separates a part of the inventory and places it under the nominal control of a lender or third party, so that the lender has a possessory interest.

Example: A wholesaler has a large inventory of goods that they need to finance. However, they cannot deliver the goods to the lender or creditor. In this case, the wholesaler can use field warehousing. They will pledge their inventory to a third-party warehouser who will keep the goods on the wholesaler's premises. The lender will have a possessory interest in the goods, and the wholesaler can access the goods as needed.

Explanation: The example illustrates how field warehousing works. The wholesaler pledges their inventory to a third-party warehouser, who has a possessory interest in the goods. The goods remain on the wholesaler's premises, and the wholesaler can access them as needed. This allows the wholesaler to finance their inventory without having to deliver it to the lender or creditor.

field-warehouse financing agreement | fierding court

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Dkk
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SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
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Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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