Question

People who take part in factoring services includes​

Answer 1

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Answer 2

Answer:

Explanation:

Factoring Services:

A company might use factoring, a form of finance, to cover its short-term cash needs by selling its accounts receivable (invoices) to a third party. In the agreement between the two parties, the factor would pay the invoices' outstanding balance less any commissions or fees.

In a financial transaction known as factoring, a company sells its accounts receivable—that is, its invoices—to a third party (referred to as a factor) at a discount. Sometimes a company would factor its receivables in order to cover its urgent liquidity demands.

Parties of Factoring:

The seller, the debtor, and the factor are the three parties in a factoring agreement. Usually as a result of the sale of goods or services, the debtor owes the seller money.

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