The form of short-term finance where another entity takes over the firm's debtor's accounts for a payment of around 85% of the accounts' balance is known as:

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Debt factoring is the short-term finance method in which a company sells its invoices, or receivables, to a third party, the factor, at a discount in exchange for immediate cash. The factor then takes over the company's debtor's accounts and collects the full amount of the accounts from the customers, keeping the agreed-upon discount as the fee for the service.

The Form of Short-Term Finance Where Another Entity Takes Over