Eligible accounts
Eligible accounts
Eligible accounts, in lending, are accounts receivable that can be included in a corporate borrower's collateral base. Financial institutions will often take a company's accounts receivable as security in a debt facility. Since some accounts receivable have a higher chance of becoming uncollectible than others, the loan agreement will define eligible accounts and ineligible accounts. Eligible accounts are included in the collateral base, and ineligible accounts are not.
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