Discuss the difference between a secured borrowing (pledging or assigning) and a sale of receivables (factoring).

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter13: Other Financing Alternatives
Section13.9: Factoring, Receivables Lending, And Customer Funding
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Discuss the difference between a secured borrowing (pledging or assigning) and a sale of receivables (factoring).
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