A Finance Company or Bank That Purchases and Takes Ownership

question 79

Multiple Choice

A finance company or bank that purchases and takes ownership of another company's accounts receivable is called a:

• A)Payer.
• B)Pledger.
• C)Factor.
• D)Payee.
• E)Pledgee.

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Definitions:

Comparative Law

The study and analysis of the differences and similarities between the laws of different countries or legal systems.

The Senate

One of the two houses of the legislature in many countries, often composed of senior members, and responsible for making and passing laws.

Administrative Agencies

Governmental bodies responsible for the oversight and implementation of specific regulations and laws.

Federal Level

Pertains to the national government operations or regulations, as opposed to state or local levels.