A form of insurance covering merchandise held for sale by a retailer which has been used as collateral for a loan. The lending institution in effect is insuring its collateral the merchandise “on the floor” of the retailer.
The Rantings of the barely human.
A form of insurance covering merchandise held for sale by a retailer which has been used as collateral for a loan. The lending institution in effect is insuring its collateral the merchandise “on the floor” of the retailer.