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

Question:

What is the difference between pledging to secure a loan and factoring Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...