Pledges of Accounts Receivable Are Never Made on a Notification

question 3

True/False

Pledges of accounts receivable are never made on a notification basis because the lender does not trust the borrower to collect the pledged account receivable and remit these payments as they are received.

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Definitions:

Equation

An expression asserting the equality of two quantities, often containing one or more variables.

Equation

A declaration within mathematics that equates two expressions, which usually involve constants and variables.

Equation

An assertion in mathematics that two expressions, often including variables, are equal.

Equation

An equation is a declaration that equates two mathematical expressions, often involving variables.