In a pledging agreement the borrower is obligated for default on any account receivable.

Name: In a pledging agreement the borrower is obligated for default on any account receivable.
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In a pledging agreement, the borrower pledges their accounts receivable as collateral for a loan. This means that if the borrower defaults on the loan, the lender has the right to seize the pledged accounts receivable. The borrower remains liable for any remaining debt after the collateral is seized.

In a Pledging Agreement the Borrower Is Obligated for Default