Outrageously Funny Word Dictionary :: Forelay

👉 Forelaying is a process in which a person or an organization makes significant financial investments before they are ready to take them on. This is often done through a loan or other form of borrowing, and it's typically used when a company needs funds quickly but also wants to ensure that the investment will be successful before taking on more debt.

forelaying

👉 Forelay is a legal concept in the United States that refers to the act of placing or depositing money into an escrow account, typically for the purpose of securing a loan. The term is commonly used when a borrower has borrowed money from a lender and wishes to prevent their funds from being seized by the lender's creditors if the borrower defaults on the loan.

forelay