Notes or Accounts Receivables That Result from Sales Transactions Are

question 39

Multiple Choice

Notes or accounts receivables that result from sales transactions are often called

• A)sales receivables.
• B)non-trade receivables.
• C)trade receivables.
• D)merchandise receivables.

---

Definitions:

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to repay.

Bond Trustee

A financial institution appointed to oversee the interests of bondholders, ensuring the bond issuer meets all terms and conditions.

Bond Indenture

A legal contract between a bond issuer and a bondholder that specifies the terms of the bond, such as the interest rate, maturity date, and payment schedule.