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Asset-Based Lending: Definition & Uses

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is an example of a form of asset-based lending?

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1. Which of the following is typically an acceptable asset used to guarantee an asset-based loan?

2. Which of the following is TRUE of a company that is young and lacks significant assets?

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About This Quiz & Worksheet

How much do you know about asset-based lending? Gauge your knowledge of this type of loan and its uses by using the quiz and worksheet.

Quiz & Worksheet Goals

Take advantage of these materials to see what you know about:

  • A form of asset-based lending
  • Common use for the proceeds of asset-based lending
  • Asset-based loan product lenders
  • Companies that are young and lack significant assets
  • An acceptable asset used to guarantee an asset-based loan

Skills Practiced

  • Information recall - access the knowledge you have gained to recognize an example of a type of asset-based lending
  • Interpreting information - verify that you can read information about a common use for the proceeds of asset-based lending and interpret it correctly
  • Reading comprehension - ensure that you draw the most important information from the lesson on asset-based lending

Additional Learning

Work through the lesson named Asset-Based Lending: Definition & Uses to cover more topics. These include:

  • What unsecured debt is
  • Term loans
  • The purpose of asset-based lending
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