A short-term loan where the borrower pledges its accounts receivable as security but is still responsible for any uncollectible account is referred to as

Name: A short-term loan where the borrower pledges its accounts receivable as security but is still responsible for any uncollectible account is referred to as
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Question

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This is an example of an assignment of accounts receivable, where the borrower pledges their receivables as collateral but remains responsible for any unpaid or uncollectible accounts.

A Short-Term Loan Where the Borrower Pledges Its Accounts Receivable