When Receivables Are Bundled Together and Transferred to Another Organization

question 62

Multiple Choice

When receivables are bundled together and transferred to another organization that issues securities collateralized by the transferred receivables,the arrangement is

• A)collateralization.
• B)discounting.
• C)factoring.
• D)securitization.

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Definitions:

The Amazing Kreskin

A stage name for George Joseph Kresge, an American mentalist who became famous for his television performances that demonstrated seemingly psychic abilities.

Clever Hans

Refers to a horse in the early 1900s that was believed to be able to perform arithmetic and other intellectual tasks, later understood as responding to involuntary cues from humans.

Oskar Pfungst

A psychologist known for his work with clever Hans, a horse that appeared to perform arithmetic.

Wilhelm Wundt

A German psychologist regarded as the father of experimental psychology, known for establishing the first psychology laboratory.