TERMIUM Plus®

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FACTORING COMPANY [2 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2011-06-23

English

Subject field(s)
  • Financial Institutions
  • Loans
  • Foreign Trade
DEF

A body corporate that buys accounts receivable at a discount to provide the vendor with cash and/or to relieve the vendor of collection risk.

OBS

factor: term published in the Journal officiel by the Commission de la terminologie et de la néologie of the Government of France.

French

Domaine(s)
  • Institutions financières
  • Prêts et emprunts
  • Commerce extérieur
DEF

Établissement de crédit qui achète les créances d'une entité et qui, moyennant une rémunération par commission et intérêts, se charge du recouvrement des créances auprès des clients.

OBS

affactureur : terme publié au Journal officiel par la Commission générale de terminologie et de néologie du gouvernement de la France.

Spanish

Campo(s) temático(s)
  • Instituciones financieras
  • Préstamos
  • Comercio exterior
DEF

Empresa que compra los créditos comerciales de otra empresa y se encarga de gestionar su cobro a los clientes de ésta.

Save record 1

Record 2 1998-11-04

English

Subject field(s)
  • Finance
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].

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.

French

Domaine(s)
  • Finances

Spanish

Save record 2

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