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Which of the following best describes the agreement where a firm sells receivables to a lender and the lender agrees to pay the firm the
Which of the following best describes the agreement where a firm sells receivables to a lender and the lender agrees to pay the firm the amount due from its customers at the end of the firm's payment period, and where the lender's claim on the borrower's assets in the event of default is limited only to explicity pledged collateral? OA trust receipt OB. pledging of accounts receivable OC factoring of accounts receivable with recourse OD. factoring of accounts receivable without recourse OE floating lien
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