factoring


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factoring

a form of asset financing based on the sale of book debts. Essentially, factoring involves the purchases from suppliers of accounts payable to them by customers to whom they have provided goods or services; such accounts are referred to as ‘receivables’.
References in periodicals archive ?
Invoice factoring is a quicker way for companies to obtain working capital.
Pollard of Reading, England, the number field sieve looked promising from the beginning, especially for factoring numbers of a special form.
Depending on dollar volume, factoring costs less than 3 percent of the transaction.
factoring companies--including data on size, individual factoring programs, rate structures, industry preferences, contract terms and operating practices.
com factoring directory can deliver significant website traffic and quality leads to factors looking to expand their client base and market share.
Factoring, which used to be the exclusive domain of the garment industry, is expanding into manufacturing, distribution and the service industry, says Leonard Machlis, executive director of the Commercial Finance Association, a New York-based national trade association for factors and asset-based lenders.
However, steady improvements in factoring methods are likely to force the use of significantly larger numbers in the future to ensure security.
Joseph LaPaglia, president of Cash Flow Funding of Virginia in Richmond, says businesses typically make use of factoring to provide cash flow for immediate working capital needs, such as making payroll, inventory purchases, etc.
Since 1980, growing numbers of businesses have come to regard factoring as a practical alternative to traditional bank borrowing.
To crack the tenth Fermat number (n = 9), Lenstra and Manasse used a recently invented method that significantly speeds the factoring of Fermat-type numbers.
Some of our sales may not be eligible for factoring for various reasons, including credit risk, country risk, and other reasons.
Companies typically known for using factoring have been in the textile and apparel industries.