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:
“Here commences what was called, twenty years ago, the best timber land in the State. This very spot was described as “covered with the greatest abundance of pine,” but now this appeared to me, comparatively, an uncommon tree there,—and yet you did not see where any more could have stood, amid the dense growth of cedar, fir, etc.”
—Henry David Thoreau (1817–1862)
“Humour is the describing the ludicrous as it is in itself; wit is the exposing it, by comparing or contrasting it with something else. Humour is, as it were, the growth of nature and accident; wit is the product of art and fancy.”
—William Hazlitt (1778–1830)
“A person of mature years and ripe development, who is expecting nothing from literature but the corroboration and renewal of past ideas, may find satisfaction in a lucidity so complete as to occasion no imaginative excitement, but young and ambitious students are not content with it. They seek the excitement because they are capable of the growth that it accompanies.”
—Charles Horton Cooley (1864–1929)