Factoring of Debts

Ron Paterson

Chapter 10 in Off Balance Sheet Finance, 1993, pp 79-84 from Palgrave Macmillan

Abstract: Abstract Factoring is a long-established means of obtaining finance whereby trade debtors are sold so as to accelerate the receipt of cash following a credit sale. It is a flexible form of finance, since its magnitude can be ‘self-adjusting’ to cope with fluctuating levels of working capital needed by a seasonal business or by one which is growing quickly.

Keywords: Balance Sheet; Credit Risk; Financial Asset; International Account Standard; Application Note (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12613-2_10

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DOI: 10.1007/978-1-349-12613-2_10

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