Definition of Dealer trust

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TeachMeFinance.com - explain Dealer trust



Dealer trust

The term 'Dealer trust ' as it applies to the area of agriculture can be defined as ' must be held in trust for unpaid cash sellers when the packer or poultry dealer fails to pay due to bankruptcy or other financial difficulty. In such situations, the seller is to be paid with these assets before other creditors. USDA for several years has been seeking an amendment to the act extending this protection to those who sell to livestock dealers, which, the Department says, have caused a significant amount of unrecoverable losses for livestock producers'.

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About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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