Advance rate

-5 -4 -3 -2 -1 0 1 2 3 4 5

Average score: 0 (total votes: 0)

1. A term used to refer to the amount of credit that will be extended as a percentage of some other amount.
2. For example, if a borrowing base valued the face amount of accounts receivable at 80%, then receivables would have an "advance rate" of 80%.

---