Because Pledged Receivables Only Serve as Collateral for a Loan

question 77

True/False

Because pledged receivables only serve as collateral for a loan and are not sold, it is not necessary to disclose the pledging.

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Definitions:

Absolute Thresholds

The minimum intensity at which a stimulus can be detected by the senses 50% of the time.

Sensory Adaptation

The process by which sensory receptors become less sensitive to constant stimuli, allowing organisms to focus on changes in their environment.

Fire Alarm

A device designed to detect fire or smoke and emit a loud warning sound to alert occupants of potential danger.

Cold Temperature

Refers to lower temperatures that can be naturally occurring or artificially created, often perceived as uncomfortable or requiring physiological adaptation by organisms.