More TribCo money... | Bleader

Tuesday, July 8, 2008

More TribCo money...

Posted By on 07.08.08 at 06:24 PM

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...more problems. Taking out loans backed by money you're owed to pay off other loans is, if you are a huge company, called an "'asset-backed commercial paper facility,'" meaning it's backed by accounts receivable money that Tribune is owed." If you're just a person I think you just call it a payday loan.

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