Your browser does not seem to support JavaScript. As a result, your viewing experience will be diminished, and you have been placed in read-only mode.
Please download a browser that supports JavaScript, or enable it if it's disabled (i.e. NoScript).
an arrangement in which a bank lends to a business so that it can buy equipment or goods, but the bank is the legal owner of the equipment, etc. and can sell it if the business cannot pay back the loan
Share your knowledge with the community
Browse our collection of 300,000+ community-written definitions
