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Sale and Buy Back

This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.

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June 4, 2016 at 11:19 pm #319465
fazeel93
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What is the substance of a sale and buy back at a premium of the asset?
June 5, 2016 at 7:02 am #319493
MikeLittle
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The substance is that it’s not a sale.
It’s a secured loan where the asset is the security and the premium is the benefit charged by the lender
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