field warehousing

field warehousing
A device whereby manufacturers, jobbers, wholesalers, and others borrow money on the security of goods remaining stored in warehouses, or on storage ground, on their own premises, the procedure being to give as security warehouse receipts issued by a warehouseman placed in possession of the goods. Anno: 133 ALR 234. A method of business financing wherein the security is left more or less in possession of, and subject to handling and sale by, the debtor, as part of a going business, and often involving the substitutions of security from time to time as required to keep the collateral adequate in amount. 9 Am J2d Bankr § 965.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • field warehousing — Arrangement whereby wholesaler, manufacturer, or merchant finances his business through pledge of goods remaining on his premises and it is limited type of warehousing as distinguished from public warehouse. Lawrence Warehouse Co. v. McKee,… …   Black's law dictionary

  • field warehousing — Arrangement whereby wholesaler, manufacturer, or merchant finances his business through pledge of goods remaining on his premises and it is limited type of warehousing as distinguished from public warehouse. Lawrence Warehouse Co. v. McKee,… …   Black's law dictionary

  • field warehousing — A method of financing inventories in which the inventory is held in custody for the lender by an agent of the lender at the borrower s place of business. American Banker Glossary …   Financial and business terms

  • field warehouse financing agreement — A loan agreement in which the inventory that is being pledged as collateral is segregated from the company s other inventories and stored on its premises under the control of a field warehouse company. See also field warehousing …   Black's law dictionary

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  • field warehouse receipt — Document issued by warehouseman evidencing receipt of goods which have been stored. Such may be used as collateral for loans. See also field warehousing warehouse receipt …   Black's law dictionary

  • field warehouse receipt — Document issued by warehouseman evidencing receipt of goods which have been stored. Such may be used as collateral for loans. See also field warehousing warehouse receipt …   Black's law dictionary

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