When a bank lists the accounts receivable for an agribusiness as collateral and neither the agribusiness nor the bank notifies the customers of the agribusiness the bank wishes to collect the money owed, it is using a(n)

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This scenario describes an accounts receivable, non-notification loan, where the bank uses the accounts receivable of a business as collateral for a loan without notifying the customers who owe money to the business.

When a Bank Lists the Accounts Receivable for an Agribusiness