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Simple English definitions for legal terms

floor-plan financing

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A quick definition of floor-plan financing:

Floor-plan financing is a type of loan that is given to a retailer or dealer, usually by a manufacturer, to help them buy merchandise. The loan is secured by the goods themselves and is paid off as the items are sold. It's like borrowing money to buy things to sell, and then paying back the loan as you make sales. This type of financing is often used by car dealerships and other retailers who need to stock up on inventory to sell to customers.

A more thorough explanation:

Definition: Floor-plan financing is a type of loan that is secured by merchandise and paid off as the goods are sold. This type of loan is usually given by a manufacturer to a retailer or other dealer, such as a car dealer.

Example: A car dealership needs to purchase a fleet of cars from a manufacturer. The manufacturer provides floor-plan financing to the dealership, which allows the dealership to borrow money to purchase the cars. As the dealership sells the cars, they pay back the loan to the manufacturer.

Explanation: The example illustrates how floor-plan financing works in the context of a car dealership. The loan is secured by the cars, which are the merchandise being sold. As the dealership sells the cars, they generate revenue to pay back the loan. This type of financing is beneficial for both the manufacturer and the dealer, as it allows the dealer to purchase inventory without tying up their own capital, and it provides the manufacturer with a reliable source of revenue.

floor debate | floor planning

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Dkk
19:42
Maybe, didnt happen last time.
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
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
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
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!
TY
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
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