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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: A.)

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: A.) a compensating balance B.) a letter of credit C.) an assignment D.) factoring OR E.) a repurchase

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