0
Usually associated with governmental accounting - it is a multi-year average of a municipality's ability to carry debt and tells the user (lender) how much the entity can theoretically borrow.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What is a borrowing base certificate?
This is generally a report submitted to the lemder by the borrower that report such things as asset values on a periodic basis determined by the lender so the terms of the asset based borrowing is within compliance. These tend to be working capital or lines of credit loans, say by a financial institution. The terms of the loan may be that the company can borrow up to 50% of all accounts receiveable that are less than 60 days old. When reporting, the borrower submits a report and the cap of the borrowings is reviewed to let the lender know their loan is secured by the assets used as collateral per the loan agreement. If the company has too much advanced, they will need to repay the excess in a very limited time period, if not immediately or the certificate will show that the company can borrow more ifit needs to. Unlike a fixed loan, borrowing base certificates help calculate the ever changing maximum amount that can be borrowed for short term cash flow needs.
What is the base word in the word reporter?
The base word in the word reporter is report
Is report a data base object?
YES, it is.
When reporting skull base surgery what are the three types of procedures the coder should report?
when reporting skull base surgery, what are the three types of procedures the coder should report
What are the advantages of borrowing money?
what are the advantages of borrowing money
Disadvantages of borrowing?
you don't get to keep the object. what is meant by borrowing
When was Borrowing Matchsticks created?
Borrowing Matchsticks was created in 1980.
Is borrowing a horse without permission the same as stealing?
There is no such thing as borrowing without permission. Borrowing requires that the borrower have permission.
Why is social science a borrowing science?
its a borrowing science because.... PIE!
Is the first airplane an example of cutural borrowing?
No,it has nothing to do with 'cutural borrowing'
What is selective borrowing?
Selective borrowing is when you borrow something that you uourself have selected
Where does info contained in credit report come from?
The information contained in a credit report typically comes from lenders, credit card companies, and other financial institutions that report on an individual's borrowing and repayment activities. This can include details such as account balances, payment history, credit limits, and any derogatory marks (like late payments or defaults).
