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| ''Trade finance.'' | | ''UK tax - capital allowances''. |
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| The sale or transfer by a supplier of legal title to accounts receivable (invoices).
| | Structures and buildings allowance. |
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| The supplier sells or transfers title to the receivables to a third party known as a factor.
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| The arrangement can be either with or without recourse.
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| Invoice factoring is often a convenient - but relatively expensive - form of finance for weaker corporate credits.
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| The supplier sells its invoices, at a discount, to the factor. The factor then becomes responsible for collecting the debt.
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| An invoice factoring agreement between the factor and a client sets out the terms on which a factoring arrangement is made.
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| As noted above, invoice factoring arrangements can be with or without recourse.
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| Recourse factoring allows the factor to recover from the supplier/borrower any losses caused by bad debts.
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| Also known as Factoring.
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| == See also == | | == See also == |
| | * [[Capital allowances]] |
| | * [[Structures and buildings allowance]] |
| | * [[Tax]] |
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| * [[Factors]]
| | [[Category:Accounting,_tax_and_regulation]] |
| * [[Confidential factoring]]
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| * [[Debt factoring]]
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| * [[Domestic factoring]]
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| * [[Export factoring]]
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| * [[FCI]]
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| * [[Forfaiting]]
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| * [[Import factoring]]
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| * [[Internal factoring]]
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| * [[International factoring]]
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| * [[Invoice]]
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| * [[Invoice discounting]]
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| * [[Recourse]]
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| * [[Reverse factoring]]
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| * [[Securitisation]]
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| * [[Trade finance]]
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| * [[Whole turnover]]
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| [[Category:Corporate_finance]] | |
Latest revision as of 14:50, 22 November 2023
UK tax - capital allowances.
Structures and buildings allowance.
See also
