Short-term financing not backed by collateral is called
A) debt capital.
B) unsecured financing.
C) mortgage bonds.
D) trade credit.
E) unprotected financing.

Question

Quizplus · Accepted Answer

Unsecured financing refers to short-term loans or credit lines that are not backed by collateral or security. The lender relies solely on the borrower's creditworthiness and financial standing to determine the risk of lending money.

Short-Term Financing Not Backed by Collateral Is Called