_____ are companies that provide shortterm financing to firms by purchasing their accounts receivables at a discount.
A) IOUs
B) Factors
C) Finance houses
D) Financial covenants

Question

_____ are companies that provide short­term financing to firms by purchasing their accounts receivables at a discount.
A) IOUs
B) Factors
C) Finance houses
D) Financial covenants

Quizplus · Accepted Answer

Factors are companies that provide short-term financing to firms by purchasing their accounts receivables at a discount. IOUs refer to a written promise to pay a debt, finance houses provide various financial services, and financial covenants are agreements between a borrower and a lender that outline certain financial requirements and restrictions.

_____ Are Companies That Provide Short­term Financing to Firms by Purchasing

_____ Are Companies That Provide Shortterm Financing to Firms by Purchasing