TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
FACE VALUE DEBTS [2 records]
Record 1 - internal organization data 1998-11-04
Record 1, English
Record 1, Subject field(s)
- Finance
Record 1, Main entry term, English
- invoice discounting
1, record 1, English, invoice%20discounting
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 DEF
The sale by a business of its book debts to a factoring company, who will pay the business the face value of the total of the invoices, less a discount which will take into consideration : the fee, interest rates appertaining at the time, risk of non-payment, etc. The seller of the invoices will do so in order to improve his cash flow. The factoring company, will not necessarily offer any other service, such as guarantee of bad debts, sales ledger accounting, etc. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995]. 2, record 1, English, - invoice%20discounting
Record number: 1, Textual support number: 1 CONT
Invoice discounting is a working capital facility which provides immediate finance (prepayment) of up to 80% of funds tied up in unpaid debtor invoices, the balance is paid (less costs) as the debtor collections are received. In short invoice discounting is an acceleration of cash flow. 3, record 1, English, - invoice%20discounting
Record 1, French
Record 1, Domaine(s)
- Finances
Record 1, Main entry term, French
- escompte de factures
1, record 1, French, escompte%20de%20factures
feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record 1, Spanish
Record 1, Textual support, Spanish
Record 2 - internal organization data 1976-06-19
Record 2, English
Record 2, Subject field(s)
- Loans
Record 2, Main entry term, English
- face value of debts 1, record 2, English, face%20value%20of%20debts
Record 2, Abbreviations, English
Record 2, Synonyms, English
Record 2, French
Record 2, Domaine(s)
- Prêts et emprunts
Record 2, Main entry term, French
- valeur nominale de créance
1, record 2, French, valeur%20nominale%20de%20cr%C3%A9ance
feminine noun
Record 2, Abbreviations, French
Record 2, Synonyms, French
Record 2, Textual support, French
Record 2, Spanish
Record 2, Textual support, Spanish
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