Factoring at Business Glossary
What is it? The practice of selling invoices to a factor or agent in return for cash. The factor collects payment for the invoices and accepts any credit risk attached to them.Business Dictionary Term Definition Added By: Cole
The Factoring definition has been viewed 347 Time(s)!
Send To Friends!
If you'd like to send the Factoring definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Factoring. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Business Terms:
Business Term floating exchange rate is A system under which the exchange rate for converting one currency into another is continuously adjusted depending on the laws of supply and demand.Business Term Matchmaker Program is A service organized by the United States International Trade Administration, this program aids firms that are new to exporting or new to the market to meet prescreened business prospects in foreign markets who are interested in their products or services.
Business Term Commercial Letter of Credit is An instrument by which a bank substitutes its credit for that of a customer to enable him to finance the purchase of goods or to incur other commitments. The bank issues a letter (or document) on behalf of its client to a supplier and agrees to pay them upon presentation of documentary evidence that the supplier has performed in accordance with the terms of the letter of credit.
Business Term Inter-American Development Bank is A regional development bank designed to promote sustainable economic development in the Western Hemisphere. Its headquarters are located in Washington, D.C.
Business Term Avalisation is Payment undertaking given by a bank in respect of a bill of exchange drawn.