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A(n) ______ is a type of legal claim (lien) against a firm's inventory when it is used as collateral for a loan and the goods

A(n) ______ is a type of legal claim (lien) against a firm's inventory when it is used as collateral for a loan and the goods are relatively high priced, slow moving, and easy to identify individually using serial numbers or other distinguishing characteristics.

Select one:

a.trust receipt

b.note payable

c.recourse inventories order

d.blanket lien

e.bond indenture

23

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