Assigned Book Accounts 
Source: Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order it here)

Book or open accounts of a business, the title of which has been transferred to a commercial credit company or to a bank as collateral for a loan.  This is a type of commercial loan which has been receiving increased attention from commercial banks, as compared with low regard in part years, in view of the satisfactory experience of finance companies with this type of business under proper legal safeguards and operating supervision.  Where state banking laws prohibit the actual purchase of accounts receivable, because they are choses in action, and only permit loans on the accounts, such loans can be made secured by the assignment of the accounts, together with agreement for repurchase or substitution of accounts in default, provision for repayment out of collections, and other safeguards, lending either against individual accounts or under revolving loan agreement, either on the notification or non-notification of debtor’s basis.  The notification type is preferred, as it makes better collateral.

BIBLIOGRAPHY

COMPTROLLER OF THE CURRENCY.  Handbook for National Bank Examiners, Section 207.1:  Accounts receivable Financing.
LOTT, K.O., and MYERS, R.G. “Secured Lending.”  In BAUGHN, W.H., and WALKER, C.E., eds,. The Bankers Handbook (rev. ed.), 1978.

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