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1. Which of the following is not true about asset-based lending? a. Short-term asset-based loans are secured frequently by receivables and inventory. b. Lenders look
1. Which of the following is not true about asset-based lending?
a. Short-term asset-based loans are secured frequently by receivables and inventory.
b. Lenders look to the target firms assets as their primary protection.
c. Long-term asset-based loans are typically secured by property and equipment.
d. Asset-based loans usually include a security agreement that specifies which borrower asset is pledged as collateral for the loan.
e. The borrower generally pledges tangible assets as collateral.
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