Growth
The use of debtor financing has grown strongly, as it has become more widely recognised as a valuable financing tool, supplementing or replacing traditional overdrafts or fixed-limit business loans. Internationally, debtor finance business has grown from €40 billion in 1978 to over €580 billion in 2003, provided by more than 1,000 companies, most of whom are associated with international banks. This volume is greater than the business written each year in leasing.
Read more about this topic: Debtor Finance
Famous quotes containing the word growth:
“When I have plucked the rose,
I cannot give it vital growth again,
It needs must wither. I’ll smell it on the tree.”
—William Shakespeare (1564–1616)
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Feeds on the noontide beam, whose golden plume
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Of sunrise gleams when Earth is wrapped in gloom;
An epitaph of glory for the tomb
Of murdered Europe may thy fame be made,
Great People! as the sands shalt thou become;
Thy growth is swift as morn, when night must fade;
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—Percy Bysshe Shelley (1792–1822)
“Every child has an inner timetable for growth—a pattern unique to him. . . . Growth is not steady, forward, upward progression. It is instead a switchback trail; three steps forward, two back, one around the bushes, and a few simply standing, before another forward leap.”
—Dorothy Corkville Briggs (20th century)