Business Studies, asked by shaikfaheem40, 1 month ago

Functions of a factor exclude so​

Answers

Answered by rinky8devi
3

Answer:

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Answered by mad210219
0

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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