Since Pledged Accounts Receivables Only Serve as Collateral for a Loan

question 84

True/False

Since pledged accounts receivables only serve as collateral for a loan and are not sold, it is not necessary to disclose the pledging.

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Definitions:

Biological Propensity

Biological propensity involves the natural inclination or tendency within individuals due to genetic, hormonal, or neurophysiological factors to exhibit certain behaviors or to develop certain conditions.

Linguistic Relativity

The hypothesis that the structure of a language influences its speakers' world view or cognition.

Nativist

A perspective in psychology and linguistics suggesting that certain skills or abilities are "native" or hardwired into the brain at birth, contrasting with theories that emphasize learning and experience.

Cognitive

Related to the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, and problem-solving.