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Dear Sai "Factoring" in its simplest form is the discounting of future Receivables the company/seller is expecting due to a "Sale" transaction. Norm ... Voir Plus
In simple words, it is when a company sells its accounts receivables to a financial institution while the financial institution has not right to claim its money back in c ... Voir Plus
Ceeding of the Receivables book to to a bank or Factoring Company.
Edi 9 "Invoices & Credit Notes"
There are three parties directly involved: the factor who purchases the receivable, the one who sells the receivable, and the debtor who has a financial liability that re ... Voir Plus