EQUIPMENT LOAN Definition

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EQUIPMENT LOAN is a loan used for the purchase of capital equipment.

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PEAK is the period of maximal use or demand or activity; for example, at peak commute hours, street traffic can be unbelievable. See OFF-PEAK.

SHIP IN PLACE is sales billed to customers prior to delivery and held by the seller (also: "bill and hold" or "bill in place" sales).

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