When a Business Factors Its Receivables,it Uses the Receivables as Security

question 145

True/False

When a business factors its receivables,it uses the receivables as security for a loan.

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Definitions:

Cataracts

A clouding of the lens in the eye which leads to a decrease in vision.

Presbyopia

An age-related condition in which the eye's lens loses its ability to focus, making it difficult to see objects up close.

Iritis

Inflammation of the iris, the colored part of the eye, which can cause pain, light sensitivity, and vision problems.

Color Blindness

A deficiency in the way someone sees color, making it difficult to distinguish between certain colors or shades.