What Is the Difference Between Pledging Receivables and Assigning Receivables

What is the difference between pledging receivables and assigning receivables.

A) Pledging involves selling the receivables; assigning involves using the receivables as collateral for a loan.
B) Receivables are pledged without recourse; receivables are assigned with recourse.
C) Receivables are pledged with recourse; receivables are assigned without recourse.
D) There is no difference; these are two terms for the same type of financing arrangement.

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