trs
n. C / Un. a type of financial contract that lets a company borrow money by using its future income as a guarantee. It is often used when a company needs a lot of cash quickly.
n. a financial instrument in which a company pledges its future cash flows as collateral for a loan. Typically structured as a secured debt offering, it allows the borrower to access capital markets while mitigating risk for the lender.
The company issued trs to raise funds for its new factory.
During the economic downturn, many firms turned to trs to secure immediate liquidity without having to sell their physical assets.
The complexity of the trs structure requires a detailed analysis of the underlying cash flow projections to ensure that the collateral remains sufficient throughout the loan's duration.