MLchartDataset catalogue

Factoring

Term · Law · MLC-T-LAW-002028

A financial transaction where a business sells its accounts receivable to a third party, known as a factor, at a discount. This provides the business with immediate cash flow, improving its working capital. The factor then assumes the responsibility for collecting the debts from the business's customers.

Table 1. Record
IdentifierMLC-T-LAW-002028
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002028",
  "term": "Factoring",
  "field": "Law",
  "definition": "A financial transaction where a business sells its accounts receivable to a third party, known as a factor, at a discount. This provides the business with immediate cash flow, improving its working capital. The factor then assumes the responsibility for collecting the debts from the business's customers.",
  "url": "https://mlchart.com/terminology/law/factoring/"
}

Record 1,926 of 5,441 in Law terminology (MLC-0107). Request the full dataset.