Who would have thought that musicians David Bowie and James Brown had anything to do with accounting?
Asset- or artist-backed financing vehicles have been used by these performers and others as a means of securitizing royalties and rights to other intellectual property.
Instructions
Perform an Internet search on "Bowie bonds" or on David Pullman, who created them. Write a brief report explaining how this securitization works and what similarities it has to accounts receivable securitization.