What is factoring?

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ch.v.rama krishna rao, chirala

  • Nov 8th, 2007
 

Factoring is a short term source of finance to the joint stock company SBI, SYNDICATE BANK are examples for factors.

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Selling the rights to the amounts owing by debtors to a finance company for an agreed amount (which is less than the figure at which they are recorded in the accounting books because the finance company needs to be paid for providing the service).

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