Where a firm obtains a short-term loan by using accounts receivable as collateral.
A) Discounted loan
B) Pledge
C) Factor
D) Secured loan
Correct Answer:
Verified
Q140: Assume that Ningbo Steel borrows $2,000,000 for
Q141: Under _ a factor pays the firm
Q142: Pledging accounts receivable has all of the
Q143: Which of the following is not true
Q144: A _ is a claim against a
Q146: A firm selling its receivables is paid
Q147: Factoring accounts receivable has all of the
Q148: Firms who wish to obtain short-term secured
Q149: Where the factor pays the firm for
Q150: Factoring accounts receivable has all of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents