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Assignment of proceeds

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Assignment of proceeds
Arrangement that allows the original beneficiary of a letter of credit to pledge or turn over proceeds to another, typically end supplier.


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Credit Strategies -- Scott Tillesen, Tech Data's director, Credit-SMB Accounts, will discuss the critical role sound financial strategy plays in the public sector, and explore all the technology financing options available to Tech Data customers, including net terms, flooring, leasing and assignment of proceeds.
These services include net terms accounts with Tech Data, leasing, free extended-terms financing through floorplanning, and assignment of proceeds.
Other Matters The $500,000 balloon payment due January 15, 2006, pursuant to the vendor take back mortgage on the Beiseker facility acquisition was satisfied by the provision of an irrevocable assignment of proceeds on a real estate sale which is scheduled to close January 23, 2006.
 
 
 
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