Examlex
Which of the following is classified under "common securities"?
Factoring Accounts Receivable
The financial practice of selling accounts receivable to a third party at a discount to obtain immediate cash.
Installment Accounts Receivable
Receivables from sales where the customer makes regular payments over a period until the full purchase price is paid.
Dishonoring a Note
The failure to pay a promissory note when it comes due, resulting in a default.
Pledging Accounts Receivable
The practice of using accounts receivable as collateral for a loan.
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