6 FACTORING - meaning, different types (recourse and non recourse)
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6 FACTORING - meaning, different types (recourse and non recourse)
Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor). Factor - A financial intermediary that purchases receivables from a company.The factor advances most of the invoiced amount to the company immediately and the balance upon ...
38K viewsJan 31, 2015
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