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pompa pompa
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7 years ago
Pledges of accounts receivable are never made on a notification basis because the lender does not trust the borrower to collect the pledged account receivable and remit these payments as they are received.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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alovelyalovely
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7 years ago
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"It is better to fail in originality than to succeed in imitation."

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This helped my grade so much Perfect
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