Pledging Accounts Receivable as a Source of Short-Term Credit

question 131

Multiple Choice

Pledging accounts receivable as a source of short-term credit

• A) is a type of loan secured by accounts receivable.
• B) is a form of spontaneous credit.
• C) involves the outright sale of accounts receivable to a financial institution.
• D) is an inexpensive but risky source of short-term financing.

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Definitions:

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