Which of the following is a financing arrangement in which the lender's claim on the borrower's assets in the event of a default is limited to only explicitly pledged collateral?

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Without recourse financing means that the lender's claim on the borrower's assets is limited to only explicitly pledged collateral. This means that if the borrower defaults on the loan, the lender can only go after the collateral that was specifically stated in the loan agreement and cannot seek repayment from any other assets of the borrower.

Which of the Following Is a Financing Arrangement in Which