Question: a. What is meant by the factoring or securitization of receivables? b. What does selling receivables with recourse mean? What does it mean to sell

a. What is meant by the factoring or securitization of receivables?
b. What does selling receivables with recourse mean? What does it mean to sell them without recourse?
c. How does selling receivables (particularly with recourse) potentially distort the balance sheet?

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