“Refers to short term debt (debt having maturities less than one year) which is used to finance Issuer cash flow short falls resulting from short-term payable obligations and uncollected short-term receivables. Growing Issuers often have working capital pressures where cash is needed in increasing amounts to pay vendors before cash has been collected from a growing base of customer receivables.”
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bsmith@carofin.com2019-03-08T17:45:35-05:00
