What is the term for companies that provide short-term financing to firms by purchasing accounts receivable at a discount?
A)credit agents
B)investment bankers
C)commercial paper houses
D)factors

Question

Quizplus · Accepted Answer

Factors are companies that provide short-term financing to firms by purchasing accounts receivable at a discount. This provides immediate cash flow for the company and allows them to avoid delays in receiving payment from customers.

What Is the Term for Companies That Provide Short-Term Financing