Which of the Following Best Describes the Agreement Where a Firm

Multiple Choice

Which of the following best describes the agreement where a firm sells receivables to a lender and the lender agrees to pay the firm the amount due from its customers at the end of the firm's payment period, with the provision that the lender will receive payment from the borrower if the customers default on their payments?

A) trust receipt
B) pledging of accounts receivable
C) factoring of accounts receivable with recourse
D) factoring of accounts receivable without recourse