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:

Simplify

The process of making a mathematical expression as simple as possible by performing all operations and reducing to the fewest terms.

Expression

A mathematical phrase that can contain numbers, variables, and operation symbols but doesn't have an equal sign.

Solve

To find the answer(s) or solution(s) to a mathematical problem or equation.

Expression

A combination of symbols and operators in mathematics that represent a quantity or a relation.