The Process of Using Accounts Receivable as Security for a Loan

question 115

True/False

The process of using accounts receivable as security for a loan is called factoring.

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Definitions:

Standards

Established guidelines or benchmarks used to measure, compare, or regulate processes, products, or performance.

Legal Aid

Legal aid refers to the provision of assistance to individuals who are unable to afford legal representation and access to the court system.

Contingency Fee Agreement

A contingency fee agreement is a payment structure for legal services where the client pays the attorney a percentage of the settlement or judgment amount, only if the case is won.

Code of Business Conduct

A set of guidelines designed to set out acceptable behaviors for members within an organization.