Financial Floor Plan Definition

For example automobile dealerships utilize floor plan financing to run their businesses. Architectural drawings showing the layout of the floor s in a building locations of load bearing walls and or required fire walls dimensions for all walls locations and swings inward outward which side the hinges are on for all doors and locations of windows. The dealer then receives payment hopefully including a profit and remits the balance to the lender who in turn releases the title to the car to the new purchaser.

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A financial plan is a document containing a person s current money situation and long term monetary goals as well as strategies to achieve those goals.

Financial floor plan definition.

Floor planning is a form of financing for large ticket items displayed on showroom floors. A floor in finance may refer to several things including the lowest acceptable limit the lowest guaranteed limit or the physical space where trading occurs. Architectural drawings showing the layout of the floor s in a building locations of load bearing walls and or required fire walls dimensions for all walls locations and swings inward outward which side the hinges are on for all doors and locations of windows. Floor plan financing is also done for large appliances mobile homes and boats among other items and these products are usually sold to consumers with a financing contract.

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