| 单词 | factoring |
| 释义 | factoring The buying of the trade debts of a manufacturer, assuming the task of debt collection and accepting the credit risk, thus providing the manufacturer with working capital. A firm that engages in factoring is called a factor. With service factoring involves collecting the debts, assuming the credit risk, and passing on the funds as they are paid by the buyer. With service plus finance factoring involves paying the manufacturer up to 90% of the invoice value immediately after delivery of the goods, with the balance paid after the money has been collected. This form of factoring is clearly more expensive than with service factoring. In either case the factor, which may be a bank or finance house, has the right to select its debtors. |
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