A Bank Will Accept a Check Made Out to a Business

question 29

True/False

A bank will accept a check made out to a business without an endorsement.

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Definitions:

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount to raise immediate capital.

Financing

The act of providing funds for business activities, making purchases, or investing, often involving loans, equity investments, or other forms of financial support.

Pledging

The act of committing or promising to support something, often by donating money or another resource.

Finance Company

A business that provides loans to individuals or organizations, making profits from the interest charged on these loans.