TERMIUM Plus^®

Fiche 1,  Justifications,  Anglais

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, fiche 1, Anglais, - 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, fiche 1, Anglais, - invoice%20discounting

Fiche 1,  Justifications,  Français

Fiche 1,  Justifications,  Espagnol

Fiche 2,  Justifications,  Anglais

Record number: 2, Textual support number: 1 DEF

The discount rate that equalizes the present worths of the cost streams of two alternatives producing the same result. Usually used to choose between two technological alternatives or alternative project designs having different time streams. The preferred alternative is the one with the lowest present worth. At some discount rate, alternatives having different time streams may have equal present worths; at a higher discount rate, a different alternative is preferred from that below the rate. May be determined graphically by plotting the present worth of the two alternatives at different discount rates or may be computed by finding the internal rate of return to the differences year by year between the cash flows of the alternative with the higher undiscounted cost less the alternative with the lower undiscounted cost.  3, fiche 2, Anglais, - equalizing%20discount%20rate

Fiche 2,  Justifications,  Français

Fiche 2,  Justifications,  Espagnol

Record number: 2, Textual support number: 1 DEF

Es la tasa de actualización que iguala los valores actuales de las corrientes de costos de dos alternativas que producen el mismo resultado. Se utiliza usualmente para elegir entre dos alternativas tecnológicas o diseños alternativos de proyectos que tienen diferentes corrientes temporales. La alternativa preferida es la que tiene el valor actual más bajo. A alguna tasa de actualización, alternativas con diferentes corrientes temporales pueden tener valores actuales iguales; a una tasa de actualización más elevada se prefiere una alternativa diferente a la que está por debajo de la tasa. Puede determinarse mediante una representación gráfica trazando el valor actual de las dos alternativas a diferentes tasas de actualización, o se puede computar encontrando la tasa de rentabilidad interna con respecto a las diferencias año por año entre los flujos de fondos de la alternativa con el costo no actualizado más alto menos la alternativa con el costo no actualizado más bajo.  1, fiche 2, Espagnol, - tasa%20de%20actualizaci%C3%B3n%20de%20equilibrio

Fiche 3,  Justifications,  Anglais

Record number: 3, Textual support number: 1 CONT

If EDC(Export Development Corporation) agrees to purchase the series of notes, it will pay the exporter in cash, less a discount for its services, and assume the political and transfer risks involved in collecting the notes.  1, fiche 3, Anglais, - discount%20for%20services

Fiche 3,  Justifications,  Français

Record number: 3, Textual support number: 1 CONT

Si la SEE (Société pour l'Expansion des Exportations) consent à acheter les séries de billets, elle paiera l'exportateur comptant, prélèvera un escompte pour ses services et assumera le risque politique et le risque de non-transfert liés au recouvrement des billets.  1, fiche 3, Français, - escompte%20pour%20services

Fiche 3,  Justifications,  Espagnol