We may, however, enter into a new lease financingarrangement or other financingarrangement or amend our current lease financingarrangement to provide us with additional liquidity.
Before the year in issue petitioners intended to take advantage of a deferred interest financingarrangement offered by a credit card company in connection with the purchase of furniture from a certain furniture store (financing arrangement).
All of the interest and late payment penalties charged to the credit card account were consistent with the terms of the credit card agreement entered into between petitioner and the credit card company pursuant to the financingarrangement.
In effect, the financingarrangement allowed for no interest to accrue on certain furniture purchases financed through charges to a credit card issued to petitioner by a certain credit card company if the charges were completely paid by certain specified dates.