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.
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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. |
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