Functions of a factor exclude so
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Functions of a factor
Explanation:
- A factor is a financial intermediary who buys a company's accounts receivables and offers cash or finance.
- A factor is a type of funding source that commits to pay a corporation the invoice value less a commission and fee discount.
- Factoring, factoring finance, and accounts receivable financing are all terms for the same thing.
- A factor is a type of funding source that commits to pay a corporation the invoice value less a commission and fee discount.
- A factor's terms and conditions may differ depending on its internal processes.
- The factor is more concerned with the invoiced party's creditworthiness than with the company from which it purchased the goods.
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