Pledged financing is a short-term financing that involves either the assignment of receivables to another company for collection.

Name: Pledged financing is a short-term financing that involves either the assignment of receivables to another company for collection.
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Question

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Pledged financing often involves using assets as collateral for a loan, rather than the assignment of receivables for collection, which is more characteristic of factoring or receivables financing.

Pledged Financing Is a Short-Term Financing That Involves Either the Assignment