What Is Accounts Receivable Factoring?
- Topics:
- Commercial Banking
- Source:
- JCR Enterprise
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Overview: Factoring is the selling of invoices or accounts receivables by the business holding them at a discount in order to obtain cash payment on the invoices before their actual due date. Factoring is designed for businesses that want to improve their cash flow by not waiting 30, 45, 60 days for a customer to pay. Widely accepted as an alternative financing source, accounts receivable funding is used in almost every industry that sells business-to-business or business-to-government.
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Format: PDF | Size: 228KB | Date: Mar 2004 | Pages: 6




