________ is the process whereby the firm sells receivables to a lender
________ is the process whereby the firm sells receivables to a lender at a discount (say 2 percent) to the actual value of the receivables. Customers then repay the money they owe to the firm directly to the lender instead.
A) Factoring of payables
B) Loan sharking
C) Bridge loaning
D) Factoring of receivables
ANSWER
D
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