A bank may inform the purchaser of goods that the account has been assigned to the bank,and payments are made directly to the bank,which credits them to the borrower's account.This is called
A) Asset financing
B) A credit plan
C) An assignment
D) A notification plan
Correct Answer:
Verified
Q16: Factoring is a cheap method for turning
Q22: Leasing enables a company to conserve cash
Q24: The risk averse nature of commercial lending
Q26: Which of the following secures a bank's
Q27: What is the advantage of dealing with
Q28: Which of the following is the most
Q29: A factor assumes the credit risk,does the
Q31: Leasing credit criteria are very similar to
Q32: Trade credit is reflected as what on
Q35: To build credibility with bankers,entrepreneurs should borrow
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