Collateral for a secured short term loan is typically inventory or acc…

Question

Collateral for a secured short term loan is typically inventory or accounts:

Accepted Answer

D. Receivable

1. Money owed by customers can back a loan.
2. So can goods held in stock.
3. Those are accounts receivable.
_Source: OpenStax Introduction to Business, Chapter 16, Understanding Financial Management and Securities Markets._

Answer

Recoverable

Answer

Reversible

Answer

Removable

Collateral for a secured short term loan is typically inventory or accounts:

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