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Which of these is an entity who will buy accounts receivable before they are due on a discounted basis, with the spread between the discounted
Which of these is an entity who will buy accounts receivable before they are due on a discounted basis, with the spread between the discounted price and the receivable's face value providing them with the expected compensation for both the time value of money and for the expected level of defaults amongst the accounts receivable?
a. Commercial bank
b. Factor
c. Receiver
d. Blanket loaner
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