Amounts due from others for goods furnished and services rendered. Such amounts include reimbursements earned and refunds receivable.
Funds provided on a short-term basis to bridge the gap between the purchase of one asset and the sale of another.
A Federal Bankruptcy Act where a debtor can maintain control of its business and operations, under court supervision, as long as current debts remain paid.
The selling of a company's accounts receivable to a third party, in order to obtain funding.
Process associated with the collection invoices, or accounts receivable, by a factoring company, on behalf of their client.
Legally binding agreement defining the commitments and responsibilities between your company, your supplier of the finished goods, and a third party financing company, wherein the third party mutually consents that once the goods are shipped and accepted by your customer, they will finance and advance the amount owed by you directly to your supplier.
A document, issued by a financial institution per instructions by a buyer of goods, authorizing the seller to draw a specified sum of money under specified terms, usually the receipt by the bank of certain documents within a given time.
The assignment of purchase orders to a third party who then assumes the obligation of billing and collecting. Usually, this type of financing is related to a specific transaction where the company requires cash to be able to acquire the raw materials to manufacture the goods for which it has received the purchase order.
