Financing That Matures in One Year or Less and Has

question 85

Multiple Choice

Financing that matures in one year or less and has specific assets pledged as collateral is called

• A) unsecured short-term financing.
• B) spontaneous financing.
• C) secured short-term financing.
• D) none of the above.

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Definitions:

Violation

An act of breaking or failing to comply with a law, agreement, or set of rules.

Comparative Law

The study of the legal systems of different states.

Legal Systems

Comprehensive frameworks of laws, regulations, institutions, and procedures that guide the administration of justice in a country or region.

States

Politically defined regions or territories that make up a country, each with its own government and administrative powers within the context of a federal system.