#45 A type of short-term loan where theborrower sells its accounts receivables tothe lender at a discount to face value iscalled:a bond.a compensating balance.a letter of credit.an assignment.factoring.

A bond refers to a financial instrument issued by the companies which contains fixed coupon rate on…

Answered: # 45 A type of short-term loan where…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter7: Credit Cards And Consumer Loans

Section7.5: Calculating Interest On Consumer Loans

Problem 1CC

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. Accounts receivable financing is the term used to describe which of the following types of loans that involve either the assignment or the factoring of a firm's accounts receivable? A. Secured short-term loan B. Unsecured short-term loan C. Secured long-term loan D. Unsecured long-term loan E. Trust receipt loan
A loan secured with a financial asset (eg. Accounts receivables) is a called a ___________ loan. Collateral Debenture Mortgage Notes payable
33 .The portion of the selling price paid by the customer at the time of purchase is called ________. a. Mortgage b. Amortization c. Down payment d. Installment loan
How does getting a secured loan using accounts receivableas collateral differ from factoring?
6. Open account credit provides a debtor with a predetermined line of credit and a flexible payback period. Which of the following is an example of open account credit? i. Personal Loan ii. Overdraft i. Charge card iv. Education loan A. i and ii B. i,i and ii C. ii and ii D. i,ii,i and iv
What business circumstance could produce a short-term notes payable created from a loan?
What is the difference between a line of credit and a short-term loan?
1. Explain how an installment loan differs from revolving credit in terms of risk and the nature of the return to the lender.
Loans backed by a simple promise to repay are known as _____ loans. open-end credit revolving credit securedu nsecured
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Simple interest refers to interest on a loan computed as a percentage of the loan amount. Compound interest refers to the process of, investing your money. saving your money. C a loan amortization. a loan computed at a nominal interest rate. E earning interest on interest.
At the maturity of a note payable, a borrower will pay ________. A. the interest amount only B. the principal plus interest C. the principal amount only D. the principal minus interest

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# 45 A type of short-term loan where the borrower sells its accounts receivables to the lender at a discount to face value is called: a bond. a compensating balance. a letter of credit. an assignment. factoring.