Human Resources Management2024-02-14Consumer Behaviour2024-02-14 Report a question What's wrong with this question? You cannot submit an empty report. Please add some details. 12345678910 Asset-based Loans Advanced Business English practice 10 multiple-choice questions If you log in, you will get the results via email. Category: business-advanced 1. The Bank of America offers asset-based loans, which are .......... by a company's accounts receivable, inventory, equipment, and/or real estate. covered assured secured obtained Category: business-advanced 2. Asset-based loans are an alternative to traditional bank lending because they serve borrowers with risk characteristics typically outside a bank's .......... level. control confidence collateral comfort Category: business-advanced 3. A bank will look first to the cash .......... for the repayment of a loan, then to collateral, while an asset-based lender looks to collateral first. flow deposits on hand option Category: business-advanced 4. Banks typically require less collateral controls and monitoring but more financial .......... commitments conversions covenants contracts Category: business-advanced 5. .......... financing is often used by under-performing businesses that are not achieving their full potential; it is sometimes used for businesses that are either insolvent or on their way to becoming insolvent. Reversal Remedial Touchstone Turnaround Category: business-advanced 6. Debtor-in-possession (DIP) refers to a company that has filed for .......... under Chapter XI of the Federal Bankruptcy Code and has been permitted by the bankruptcy court to continue its operations to effect a formal reorganization. protection provisions penury prosecution prosecution penury provisions protection Category: business-advanced 7. In a leveraged buyout (LBO), the target company's assets are used as collateral for debt, and its cash flow is used to .......... debt accrued by the buyer to acquire the company. retire assume restructure absolve Category: business-advanced 8. A Leveraged ESOP (Employee Stock Ownership Plan) allows a company to raise its capital-to-asset .......... by issuing new shares of stock to an employee trust, which finances the transaction with an asset-based loan. percentage advantage ratio stance Category: business-advanced 9. A typical loan agreement with an asset-based lender provides protections, rights, and .......... for both parties. services remedies responses solutions Category: business-advanced 10. The level of controls and monitoring by the asset-based lender is directly related to the credit .......... of the borrower. condition worthiness value position Your score is The average score is 0% LinkedIn Facebook Twitter Restart quiz Share0