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Firms sometimes sell their accounts receivable to the bank at a discount in order to receive cash right away, rather than having to wait until

Firms sometimes sell their accounts receivable to the bank at a discount in order to receive cash right away, rather than having to wait until the end of the trade credit period. The sale of accounts receivable to the bank is referred to as _____.

Factoring

Recission

Amortization

Depreciation

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