A bank overdraft is normally securitised over assets, either as a fixed charge over specific assets or as a floating charge over all assets; factoring is secured over specific assets being accounts receivable; whereas accounts payable generally require no security.

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This statement is true. Bank overdrafts can be secured by a fixed or floating charge over assets, while factoring is secured over specific accounts receivable. Accounts payable, on the other hand, do not require security.

A Bank Overdraft Is Normally Securitised Over Assets, Either as a Fixed