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Banking

Open Account

A sale transaction where the goods are shipped and delivered, while payment is deferred for a future date, which is...

Inventory Credit

The use of inventory as collateral to raise finance in lieu of traditional types of collateral such as land or...

Junk Financing

The process of raising funds by issuing unsecured low-grade, high-yield securities (junk notes, junk bonds, etc.). This is usual at...

Asset-Backed Financing

Islamic banks lend funds based on trade (i.e., real economic activities) rather than pure finance. In other words, they act as...