A Type of Short-Term Loan Where the Borrower Sells Its

question 52

Multiple Choice

A type of short-term loan where the borrower sells its receivables to the lender up-front, but at a discount to face value, is called:

• A)a compensating balance.
• B)assigned receivables financing.
• C)a letter of credit.
• D)factored receivables financing.
• E)a bond.

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Definitions:

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