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Factored Invoice

What is a factored invoice?
Asked by: soubh2000 | Member Since Jun-2010 | Asked on: Aug 8th, 2010

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Pratik

Answered On : Jul 6th, 2012

Invoice factoring is the practice of selling your accounts receivable (invoices) at a discount to another company. You get the money from the company that you sold your accounts receivable to and the invoice factoring company services your accounts by collecting on the invoices.

  
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