Thread: CAL had no financing for a/c order past 2010
View Single Post
Old 03-05-2013, 06:56 AM
  #9  
Coto Pilot
Gets Weekends Off
 
Coto Pilot's Avatar
 
Joined APC: Sep 2009
Posts: 645
Default
BACKSTOP FINANCING
A promise from the seller of an asset to make financing available to the buyer, including providing the financing herself as a last resort.

This was not a good thing.
Coto Pilot is offline  
Reply