Factoring

 

 

 

Factoring

 

Glossary of business

 

Definition of 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.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of factoring

 

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Meaning of factoring

 

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