The Following Note Disclosure Appeared in a Recent Annual Report

The following note disclosure appeared in a recent annual report of Halliburton:

Our receivables are generally not collateralized. Included in notes and accounts receivable are notes with varying interest rates totaling $12 million at December 31. At December 31, 39% of our consolidated receivables related to our United States government contracts, primarily for projects in the Middle East

-Explain the reason that Halliburton indicates that its receivables are generally not collateralized. What significance does this have to the reader?

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Receivables that are collateralized are ...

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