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A wholly owned subsidiary whose primary purpose is to finance sales of the parent companys products and services, provide wholesale financing to distributors of the
A wholly owned subsidiary whose primary purpose is to finance sales of the parent companys products and services, provide wholesale financing to distributors of the parent companys products, and/or purchase receivables of the parent company is a
A. captive finance subsidiary. B. factor. C. leasing agent. D. captive factoring agent. E. distribution agency.
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