What is the factoring of receivables?

Question

Nazeem Wahid · Answer

Ceeding of the Receivables book to to a bank or Factoring Company.

قدرى abu taha · Answer

selling of the receivable or debts at discount

Intezar Hussain · Answer

Factoring is an arrangement between the client and their bank/financial institution in which the bank/financial institution purchase the book debts (receivables) of the company and pay the money against their receivables.

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What is the factoring of receivables?

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