Floor Plan Deposit Meaning

Floor plan lending is a form of inventory financing for a dealer of consumer or commercial goods in which each loan advance is made against a specific piece of collateral.

Floor plan deposit meaning.

What is a floor plan. It s not always easy to make an educated guess about what a particular abbreviation or symbol might mean. Items commonly financed through a floor plan facility are automobiles trucks recreational vehicles boats construction equipment agricultural equipment manufactured homes. The simplest way to understand a floor plan is to imagine looking down on a doll house without its roof.

Individuals can then buy personal goods with the money loaned from the bank. The detail floor plan sheet holds a lot of information. Floor planning is a type of inventory financing for large ticket retail items. Floor plans site plans elevations and other architectural diagrams are generally pretty self explanatory but the devil s often in the details.

In architecture and building engineering a floor plan is a drawing to scale showing a view from above of the relationships between rooms spaces traffic patterns and other physical features at one level of a structure. Generally speaking a floor plan is a drawing with scale sizes that display the positions of rooms equipment and furniture viewed from above. Floor plans may also include details of fixtures like sinks water heaters furnaces etc. The arrangement is most commonly used when large assets such as automobiles or household appliances are involved.

To put it in the simplest terms floor planning and floor plan financing work almost like a credit card made solely for purchasing vehicle inventory. The home s exterior footprint openings and interior rooms are carefully dimensioned. Each room is clearly labeled along with things like attic access ceiling details and water heaters. Designers and architects often use floor plans as a visual tool to check if the room space fits well for the original purpose before moving in.

Floor planning is a method of financing inventory purchases where a lender pays for assets that have been ordered by a distributor or retailer and is paid back from the proceeds from the sale of these items. Floor plan definition is a scale diagram of a room or suite of rooms viewed from above and used especially for planning effective use and arrangement of furnishings. Floor plans may include notes for construction to specify finishes construction methods or symbo. A floor plan refers to the map of an individual floor.

Dimensions are usually drawn between the walls to specify room sizes and wall lengths. This can sometimes look like a jumble of lines going this way and that. Credit cards are issued by a bank to an individual.