Sentences with phrase «factoring arrangement»

In a factoring arrangement, the company sells invoices or accounts receivable to a finance company at a discount.

Typically, your customer is advised in writing of the factoring arrangement and makes their payment for the invoice directly to the lender.

Soon he signed onto a factoring arrangement by which the company would be paid 80 % of an invoice on the day an order was shipped and the bank would own the receivable — a typical arrangement in clothing and furniture manufacturing.

The interest rate charged for factoring arrangements is typically higher than the normal course of customer accounts receivable amounts.

There are few factoring arrangements where you are responsible for collecting your clients» payments and forwarding them to your factor.

Not exact matches

Microsoft may have lost around US$ 315 million on the Nook partnership after factoring in funding guarantees and arrangements that obligated the tech heavyweight to pay Barnes & Noble to support Nook device and content development, among other stipulations.