The Sale or Transfer of Accounts Receivable in Order to Raise

question 65

Multiple Choice

The sale or transfer of accounts receivable in order to raise funds is called

• A)pledging.
• B)factoring.
• C)leasing.
• D)collateralizing.

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Definitions:

Relevant Testing

Testing that is directly related and appropriate to the purpose for which it is being conducted, ensuring that the results are meaningful for the specific context.

Employment

The condition of having paid work or engaging in a profession or occupation.

IDEA

Individuals with Disabilities Education Act, a U.S. law ensuring services to children with disabilities throughout the nation.

Disability

A physical or mental condition that limits a person's movements, senses, or activities.