单词 | debtor-creditor agreement |
释义 | debtor-creditor agreement 1. a restricted-use credit agreement to finance a transaction between the debtor and a supplier in which there are no arrangements between the creditor and the supplier (e.g. when a loan is paid by the creditor direct to a dealer who is to supply the debtor); 2. a restricted-use credit agreement to refinance any existing indebtedness of the debtor’s to the creditor or any other person; 3. an unrestricted-use credit agreement (e.g. a straight loan of money) that is not made by the creditor under arrangements with a supplier in the knowledge that the credit is to be used to finance a transaction between the debtor and the supplier. |
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