- floor planning
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a system of financing that permits a dealer to borrow money to buy goods, which become the security for the loan that is repaid when the merchandise is sold. Also called floor plan financing.
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Universalium. 2010.
floor planning
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floor planning — floor plan·ning n: a method of financing a retail sales business in which the retailer gives a security interest in all of the inventory to the lender or seller Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
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