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Basket Purchase
(redirected from Lump-Sum Purchases)

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Basket Purchase
The purchase of a large number of assets, as opposed to a single asset. For example, a company may buy 1,000 widgets instead of one widget at a time. Retailers commonly make basket purchases to manage their inventory. A basket purchase is also called a lump-sum purchase.
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In addition to the financial guarantee from XLCA, the rating reflects: -- The credit quality of the credit card receivables (comprising lump-sum purchases, installment purchases, and cash advances) originated by Samsung Card; -- Credit support in the form of overcollateralization equivalent to 18.
S&P Asgns Rtg to Samsung Card Cross Border Korean ABS by Business Wire
 
 
 
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