Home > Term: contractor loan
contractor loan
Swiss banking term for an assignment credit granted to a building contractor or craftsman secured by an assignment of future receivables from a works contract.The contractor loan differs from a customary assignment credit in that it is always secured by the assignment of a future receivable and not an existing book claim.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- Stefan K
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