[] () a financial arrangement in which a bank or other business (a factor) buys the right to collect payments that are owed to a manufacturer. The factor pays the debts and then collects the money, receiving a percentage of the money owed for doing this 保理（保理商从制造商处购买收取欠款的权利。保理商偿还债务後收款，并收取欠款的一定百分比作为手续费）◆They sold their debts to a bank under a factoring arrangement in order to raise cash. 为了筹集现金，他们根据代理收账协议将债务出售给了银行。◆debt/invoice factoring 债务／发票保理◆a factoring company/agent 保理公司／代理export factoring