Invoice discounting: Difference between revisions
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In this respect it differs from factoring, under which the customer is normally - though not always - made aware of the factoring arrangement. | In this respect it differs from factoring, under which the customer is normally - though not always - made aware of the factoring arrangement. | ||
Also known as 'receivables discounting'. | |||
Revision as of 09:40, 20 June 2016
A form of short term finance secured against trade accounts receivable.
Under invoice discounting, the customer which owes the trade debt need not be informed about the related finance arrangement.
In this respect it differs from factoring, under which the customer is normally - though not always - made aware of the factoring arrangement.
Also known as 'receivables discounting'.
