Pledges of Accounts Receivable Are Normally Made on a Notification

question 47

True/False

Pledges of accounts receivable are normally 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:

Saurischian

A clade of dinosaurs characterized by a lizard-hipped pelvic structure, including both the carnivorous theropods and the long-necked sauropodomorphs.

Ornithischian

A major group of herbivorous dinosaurs characterized by a pelvic structure similar to that of birds.

Pelvic Bone Structure

The complex structure in the lower part of the torso, comprised of several bones including the sacrum and coccyx which support the spinal column and hips.

Holocene Epoch

The current geological epoch, starting approximately 11,700 years ago, following the last major ice age and characterized by the development of human civilizations.