ITT decides to use receivables as collateral for debt it issues rather than borrow from the bank. This is an example of:

Name: ITT decides to use receivables as collateral for debt it issues rather than borrow from the bank. This is an example of:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is an example of disintermediation, where a company bypasses traditional banking institutions to finance its operations directly through other means, in this case, by using receivables as collateral for issuing debt.

ITT Decides to Use Receivables as Collateral for Debt It