Debt factoring
Debt factoring
Glossary of business
Definition of debt factoring
Debt factoring is the process of raising finance by 'selling' some of your debts. When goods and services are sold the firm often allows their customers a period of credit (generally 30 days). However, if they want to raise finance and receive the money quicker, then they can 'sell' this debt to a specialist company. They will receive the bulk of the debt immediately, and the debt factoring firm will then collect the debt and take a proportion as their fee for providing the money.
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Terminology about business
Job world
Definition and meaning of debt factoring
Meaning of debt factoring
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