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Toward More Adequate Measures of Lender Protection
M. Chapman Findlay, III, Edward E. Williams and Lawrence A. Gordon
Vol. 4, No. 3 (Autumn, 1975), pp. 54-61
Stable URL: http://www.jstor.org/stable/3665190
Page Count: 8
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The authors review the origins of popularly employed measures of lender security, pointing out their weaknesses. In response to demonstrated need for improved measures of security they devise several formulations reflecting variability of the borrower's debt service capacity.
Financial Management © 1975 Financial Management Association International