Assignment of proceeds

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.
References in periodicals archive ?
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.
End-user billing, assignment of proceeds, joint purchase orders and other types of special arrangements will be leveraged in many instances.
These services include net terms accounts with Tech Data, leasing, free extended-terms financing through floorplanning, and assignment of proceeds.
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.
ResCare Premier is an in-network provider for many national and regional healthcare insurance companies, Workers' Compensation insurers, and, on a limited basis, will enter into Security and Assignment of Proceeds Agreements.
The loans will be secured by an assignment of proceeds from the insurance policy.
Under the plan, the estates will release claims against the financial institutions in exchange for contribution of assets, partial release of security and other interests, and assignment of proceeds of certain causes of action by the financial institutions.
Sales are principally made to qualified Medicare and private insurance beneficiaries through which the company accepts assignment of proceeds from Medicare and so-called Medigap and supplementary Insurance companies.
Assignment of Proceeds, Flooring, Escrow, Leasing, NationsCredit Smart Program and Credit Enhancements.
Other options include: Escrow Accounts, Preferred Partnership Program, Assignment of Proceeds, Flooring, Cash, Leasing and Credit Enhancements (cross-corporate guarantees, personal guarantees, subordination agreements and security agreements).