Question: Under which approach to financing with receivables does the borrower act like it borrowed money from the lender, with the receivables remaining on th borrowers

Under which approach to financing with receivables does the borrower act like it borrowed money from the lender, with the receivables remaining on th
borrowers balance sheet and serving as collateral?
Factoring receivables
Sale of receivables
Secured borrowing
Securitization
 Under which approach to financing with receivables does the borrower act

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