A Short-Term Loan Which Is Secured by Inventory That Is

question 4

Multiple Choice

A short-term loan which is secured by inventory that is held in trust is referred to as:

• A)a blanket inventory lien.
• B)a secured line of credit.
• C)a banker's acceptance.
• D)a trust receipt financing arrangement.
• E)field warehousing financing.

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Definitions:

Positive Message

Communication that conveys good news or a positive sentiment, often intended to motivate or encourage.

Resale Opportunity

The chance to sell a product or service again, potentially at a higher price, to a new customer.

Routine Message

Regular and standard forms of communication that occur in everyday business operations.

Main Idea

A particular remark pertaining to the subject matter of a communication.