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

Question

Quizplus · Accepted Answer

The given description matches with the definition of secured short-term financing, where the financing matures within a year and has specific assets as collateral. Option A, unsecured short-term financing, does not require collateral. Option B, spontaneous financing, refers to funds generated internally by a firm's operations. Therefore, option C is the correct answer.

Financing That Matures in One Year or Less and Has