Tag: Factoring

  • Non Recourse Factoring

    Treatment of Non Recourse Factoring in the United States Law The following is a short concept of Non Recourse Factoring published by Marco Terry: A form of factoring where the factoring company will absorb any credit losses that result from a customer defaulting on an invoice. The types of […]

  • Lockbox

    Treatment of Lockbox in the United States Law The following is a short concept of Lockbox published by Marco Terry: A bank treasury management system. It is desgined to receieve payments by mail and deposit them to an account as quickly as possible. Most bank lockbox systems also scan invoices […]

  • Advance Rate

    Treatment of Advance rate in the United States Law The following is a short concept of Advance rate published by Marco Terry: he percentage of the invoice that will be advanced. On average, most factors advance between 70% and 85% of the gross value of the invoice.

  • Accounts Receivable Factoring

    Treatment of Accounts Receivable Factoring in the United States Law The following is a short concept of Accounts Receivable Factoring published by Marco Terry: Another term for factoring. See factoring.

  • Audit

    Treatment of Audit in the United States Law The following is a short concept of Audit published by Marco Terry: A review carried out by to ensure that the conditions of the factoring agreement are being met.

  • Export Debt

    Treatment of Export Debt in the United States Law The following is a short concept of Export Debt published by Marco Terry: Money that is owed to a client from a customer that is located overseas.

  • Disapproval

    Treatment of Disapproval in the United States Law The following is a short concept of Disapproval published by Marco Terry: An invoice that is not approved for funding.

  • Purchase Order Financing

    Treatment of Purchase Order Financing in the United States Law The following is a short concept of Purchase Order Financing published by Marco Terry: A type of funding that finaces the supplier costs associated with a purchase order. This type of funding can only be used when the PO is for […]

  • Credit Limits

    Treatment of Credit Limits in the United States Law The following is a short concept of Credit Limits published by Marco Terry: The financial limit that the factor places on each of your customers. This is often based on their credit rating and possible concentration issues.

  • Verification

    Treatment of Verification in the United States Law The following is a short concept of Verification published by Marco Terry: The process where a factoring company verifies the validity an value of a client's invoice with the customer. AVS in the Context of Payments Definition of AVS in […]