When the Title to Accounts Receivables Pledged in an Asset-Based

question 48

Short Answer

When the title to accounts receivables pledged in an asset-based loan is passed to the lender and the lender takes the responsibility of collecting the accounts receivables of one of its business customers,this is called ____________________.

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Definitions:

Reflex

An automatic, involuntary response to a stimulus that involves a simple neural pathway, aiding in protective responses and basic bodily functions.

Hemispheres

Pertains to either of the two halves of the brain or Earth, usually referred to as the Northern, Southern, Eastern, or Western hemispheres.

Neuron Cell Bodies

The part of a neuron that contains the nucleus and is essential for its function and survival.

Sensory Neurons

Neurons that are responsible for converting external stimuli from the environment into internal electrical impulses.