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Simple English definitions for legal terms

field warehousing

Read a random definition: obsta principiis

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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m10
11:56
was*
JumpySubsequentDolphin
11:57
wear a mask
JumpySubsequentDolphin
11:57
go back to Covid days
m10
11:58
Nah nah she would not like that. She is conservative.
BulbasaurNoLikeCardio
11:58
Tell her you just got over a cold and if she wants to try and steal your germs its on her but no one likes being sick so hopefully she is chill
m10
11:59
We will see. This is enough feedback. Thank you all.
12:00
tell her you wanna test and see if your immune systems are compatible, that gets the ladies going
m10
12:00
Lol, maybe
babycat
12:00
lmao when you give the republican baddie the ick by masking up
12:01
LOL
Dkk
12:02
Just part of the culture.
BulbasaurNoLikeCardio
12:04
I wish that wearing a mask when sick stuck around as an okay thing like it is in the rest of the world, not all of us have enough sick days to be ditching work.
Dkk
12:04
Unless its like an N95 i dont think it will really do anything
12:04
there's even a mask ban in some places. altho one of my coworkers wears a mask anyway despite customers being rude to her about it
12:05
good morning
12:05
why does umiami ask "Are you applying, or have you applied, to other law schools? If so, please list them."
BulbasaurNoLikeCardio
12:05
One manager came in sick wearing a mask, got roasted and stopped wearing it that day. The entire office has been cycling sickness for two weeks now. It may not be super effective but it may help in slowing the spread during meetings when we have to be so close
12:05
am i the only one who has never gotten my status checker to work on here?
BulbasaurNoLikeCardio
12:06
@ChowieBean: want to see what schools they share an applicant pool with, think it is all data harvesting stuff no a +/- for the applicant
12:06
ok good cuz idk whether i wanna tell them or not
12:06
thanks bulbasaur
12:08
not to be that guy again but berkeley person/applicant id is back and Shiny New Logo
be that guy
EW THE NEW LOGO IS SO UGLY
WTF
12:09
need to send in my berkeley app rawwwww
BulbasaurNoLikeCardio
12:09
@ChowieBean: should be required to tell them, the schools who asked I only told them the schools in their area not all of them.
BulbasaurNoLikeCardio
12:10
*shouldnt be
12:12
@jackfrost11770: if i get a berk A today and they have that logo im withdrawing (/s /s /s /j /j /j)
babycat
12:12
@ChowieBean: me too lol. you applying to public interest scholars program?
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