Financing that matures in one year or less and has specific assets pledged as collateral is called
A) spontaneous financing.
B) unsecured short-term financing.
C) secured short-term financing.
D) none of the above.

Question

Quizplus · Accepted Answer

Secured short-term financing involves specific assets being pledged as collateral, which provides security to the lender in case of default. This type of financing typically has a maturity of one year or less.

Financing That Matures in One Year or Less and Has