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 ?
Certainly, factoring costs more than traditional banking.
While factoring has been around for hundreds of years (Martin Luther's father ran a factoring operation), it found its way to America during the time this country was being settled.
Last week, a team of researchers using a relatively new method known as the number field sieve succeeded in factoring a 116-digit number.
The documents used in export factoring are among the very few international legal documents protecting exporters.
Factoring is the practice of purchasing and selling accounts receivable invoices at a discount from their face value.
The directory, designed by a staff with expertise in the factoring and financial services industries, organizes factoring companies by geographic location and industry specialization, allowing users of the directory to easily and quickly identify potential factoring partners that meet their specific criteria.
Factoring is a financing option for young, undercapitalized businesses that have the profit margins to absorb the factor's fee.
However, steady improvements in factoring methods are likely to force the use of significantly larger numbers in the future to ensure security.
Prior to this sale to Coast Capital, EquiFin had over two dozen factoring companies contacted to solicit offers for the purchase of Equinox and/or its portfolio.
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.
Two computer scientists have reached an important milestone on the road toward factoring ever-larger composite numbers.
in business over 25 years, has a strong presence in the apparel industry in New York and utilizes the credit department of CIT, the largest factoring organization in the United States.