what is factoring?
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question what is factoring?
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Factoring, receivables factoring or debtor financing, is when a company buys a debt or invoice from another company. ... The factor is required to pay additional fees, typically a small percentage, once the debt has been settled. The factor may also offer a discount to the indebted party.
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Factoring is a common mathematical process used to break down the factors, or numbers, that multiply together to form another number. ... Factoring is useful in resolving various numbers-related problems.
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