What is the difference between pledging accounts receivable to secure a loan and factoring accounts receivable? What

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What is the difference between pledging accounts receivable to secure a loan and factoring accounts receivable? What types of short-term secured financing can a firm use to cover shortfalls?

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Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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