factoring

noun
fac·​tor·​ing

Legal Definition of factoring

: the purchasing of accounts receivable from a business by a factor who assumes the risk of loss in return for some agreed discount

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Cite this Entry

“Factoring.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/factoring. Accessed 27 Nov. 2020.

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