In more complicated financing arrangements, firms sell batches of receivables to a legally separate entity whose sole purpose is to hold the receivables and issue claims on their cash flows. The entity holding the receivables issues securities to investors in return for cash and transfers the cash to the transferor in payment for the receivables. The investors in securities issued by the entity
receive payments out of the cash flow from the transferred receivables. Common terminology refers to such an entity as a
a. special purpose entity.
b. pass-through entity.
c. tax shelter.
d. subsidiary entity.
e. securitized entity.
A
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Corrigan Company charges cost plus 25%. What is the price of an item with cost equal to $50?
A) $50 B) $200 C) $62.50 D) $60 E) $12.50
Use the information in Table 10.6. What is the minimum number of tutors required if preference is given to the pair S-SU in case of a tie in the selection off days?
A) fewer than seven B) seven C) eight D) nine
Which of the following is required for a successful implied contract wrongful discharge claim?
a. a written contract signed by both the employer and the employee b. a specific oral promise limiting employment at will c. a clear and prominent written disclaimer d. all of the above e. none of the above
Patagonia shows that a company that transforms its corporate strategy to emphasize "doing good" socially and environmentally cannot do well economically.
Answer the following statement true (T) or false (F)