Question

what is factoring?

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Answer 1

Answer:

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable to a third party at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.

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Answer 2

Answer:

factoring is a financial transaction and a type of debtor finance in which a business sells it's accounts receivable to a third party at a discount..

Step-by-step explanation:

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