Investing in recovery
The owners of WSD have been involved in web site design and associated services for many y...
CVA for Garden Centre
In 2006 our clients acquired a run-down garden nursery with the intention of converting it...
Grant or Loan Finder Service
The Management of any SME needs to use all available tools when seeking funding for the bu...
The 'language of finance' can be daunting. We therefore thought that a simple explanation of many of the terms might be helpful, so here goes!
Glossary Index A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
To Narrow your search Select Category: All Accounting Terms Banking Terms General
Factoring
A financial service which allows a company to sell or transfer title to its accounts receivable (invoices) to a Factoring company at a discounted rate. The Factoring company then becomes the principle rather than an agent. Because of this the Factor does not have any recourse to the seller should the customer default on payment (except in the case where the terms of the contract of sale are not fulfilled).More »
A financial service which allows a company to sell or transfer title to its accounts receivable (invoices) to a Factoring company at a discounted rate. The Factoring company then becomes the principle rather than an agent. Because of this the Factor does not have any recourse to the seller should the customer default on payment (except in the case where the terms of the contract of sale are not fulfilled).More »