Factoring

Factoring is a process in which a company (factor) purchases a company's receivables at a discount and takes responsibility for collecting the payments due. This enables the company selling the receivables to have access to cash sooner than the usual terms of payment.

See Also

SmallBusiness.com Glossary


Link to this page: "http://www.smallbusiness.com/wiki/Factoring"


 
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This page was created on Nov 30, 2005
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