Which of the Following Is a Financing Arrangement in Which

question 46

Multiple Choice

Which of the following is a financing arrangement in which the lender's claim on the borrower's assets in the event of a default is limited to only explicitly pledged collateral?

• A) without recourse
• B) with recourse
• C) without factoring
• D) with factoring

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Definitions:

Kidney

An organ in vertebrates that filters waste products from the blood, regulates blood pressure, electrolyte balance, and red blood cell production.

Liver

Largest gland of the body, lying in the upper-right quadrant of the abdomen just inferior to the diaphragm; secretes bile and is of great importance in carbohydrate and protein metabolism and in detoxifying chemicals.

Hyperkalemia

Greater than normal concentration of potassium ions in the circulating blood.

Calcitonin

Hormone released from parafollicular cells that acts on tissues to cause a decrease in blood levels of calcium ions.