Factoring of invoices

07.07.2013 10:28

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Factoring of invoices

1) Scheme whereby a firm can ‘sell’ its invoices to a factoring house to gain quick payment. Factor is selective of invoices and deducts its commission which may substantially reduce the amount received.

A useful source of funds when encountering cash flow problems.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.91 (288 p.)


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