receivable financing
DESCRIPTION
Receivable FinancingTRANSCRIPT
Receivable Financing
Pledge
Assignment
Factoring
Discounting
With Recourse (If silent)
Notification
Non-notification
Casual
Gain or Loss may be recognized
Gain or Loss = SP - BV
No Gain or Loss
No Gain or Loss
No Gain or Loss
No Sub-class
Without Recourse
Gain or Loss is recognized
Conditional Sale*
Secured Borrowing*
Gain or Loss is recognized
No G/L. Liability is established=face amount of NR discounted