If a Borrowing Firm Does Not Qualify for an Unsecured

question 35

True/False

If a borrowing firm does not qualify for an unsecured bank loan and pledges its accounts receivable as security, it eliminates the need for a credit investigation.

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Definitions:

Elderly

Individuals who are advanced in age, often defined as being 65 years old or older, and may have specific social, health, and economic considerations.

Fearful Of Death

The intense apprehension or terror associated with the thought of dying, a common experience affecting individuals' attitudes toward life and mortality.

Prospects For The Future

Speculations or expectations about what may happen or be achieved in the time to come.

Marginal Situation

A scenario where an individual or group is at the brink of significant change, often on the verge of either improvement or deterioration.