Rel Eston, a network service provider, sells off its accounts receivable to a financing company in order to gain early access to funds that would help accelerate company's growth trajectory in the market in the following year. Which of the following short-term financing options is being used by Rel Eston in the given scenario?
A) Trade credit
B) Commercial paper
C) Short-term bank loans
D) Factoring
Correct Answer:
Verified
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