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Which of the following statements is NOT true about asset-backed securities (ABS) ?
Merchandising Business
A type of business that purchases products from other businesses and sells them to customers.
FOB Shipping Point
A term used in shipping contracts to indicate that the buyer is responsible for the goods and their transportation costs as soon as they leave the seller's premises.
Freight
The charge paid for transport of goods by sea, air, or land.
Credit Card Sales
Transactions where customers make purchases using credit cards, involving the transfer of funds from the issuer to the merchant upon sale approval.
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