as an asset (specifically, a receivable) on the lender’s balance sheet. In some situations, the lender can actually repledge or sell the collateral the borrower used to secure the loan from the lender. In this instance, the borrower continues to recognize the receivables as an asset on its balance sheet, and the lender only records the liability associated with the obligation to return the asset. See also Asset-backed security Revolving credit Debt-trap diplomacy References External links ABF Journal Magazine "The rebirth of asset-based lending" Corporate finance Corporate development Banking Loans