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Accounts receivable financing |
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Accounts receivable financing A short-term financing method in which accounts receivable are collateral for cash advances. See: Factoring. Accounts Receivable Financing The selling of a firm's accounts receivable to a third party, known as a factor. If a firm is not confident in its ability to collect on its credit sales, it may sell the right to receive payment to the factor at a discount. The factor then assumes the credit risk associated with the accounts receivable. This allows the firm access to working capital immediately, which is important especially if the firm might otherwise have a cash flow problem. The price of accounts receivable financing is determined by the creditworthiness of the firm's customer, not of the firm itself. See also: Debt assignment. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| The accounts receivable financing program
sells an interest in certain receivables of G-P's domestic business
to banks and other entities.
(NASDAQ:GFSI), a provider of technology-based solutions for financial
institutions, recently held its second annual conference for
organizations providing accounts receivable financing services, which
attracted more than 50 bankers from financial institutions across the
U. is the parent company of Northrim Bank, a
full-service commercial bank that provides personal and business banking
services through locations in Anchorage, Eagle River, Wasilla, and
Fairbanks, Alaska, and an accounts receivable financing division in
Washington. |
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