Keywords: adherent, factor, debtor, unnamed contract, Romanian Factoring
This article will first provide a definition of factoring
, then discuss the circumstances in which factoring
might be appropriate, and conclude with some pointers on types of structures for factoring
A business that combines both service and lending, factoring
is defined as a financial package that provides credit protection, bookkeeping, collections and finance.
According to the participants in the operation of factoring
, we can distinguish:
costs more than traditional banking.
has long intrigued and perplexed number theorists.
Long since a staple of the garment industry in New York, the Carolinas, and Los Angeles, factoring
is now widely available to commercial firms of just about any size in just about any industry.
The documents used in export factoring
are among the very few international legal documents protecting exporters.
is the practice of purchasing and selling accounts receivable invoices at a discount from their face value.
For a long time the adage, "The more things change, the more they remain the same" seemed particularly apt for factoring
, a flexible credit and collection service based on the purchase of clients' accounts receivable, until recently employed essentially unchanging techniques and market approaches.
More industries use factoring
to capitalize small businesses
Constructed 75 years ago, it also represents the first known, successful attempt to automate the factoring
of whole numbers.