A Bank Overdraft Is Normally Securitised Over Assets, Either as a Fixed

question 53

True/False

A bank overdraft is normally securitised over assets, either as a fixed charge over specific assets or as a floating charge over all assets; factoring is secured over specific assets being accounts receivable; whereas accounts payable generally require no security.

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Definitions:

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

Predict Behavior

The process of forecasting an individual's actions based on past behavior, current conditions, or psychological theory.

Certain Conditions

A phrase often used to specify that something is subject to one or more unspecified limitations or requirements.

Cross-cultural

Pertaining to or comparing the cultural dynamics, practices, or interactions between individuals from different cultural backgrounds.