What type of company buys accounts receivable from a firm for less than their face value and then collects the face value of the receivables?

Name: What type of company buys accounts receivable from a firm for less than their face value and then collects the face value of the receivables?
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Question

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Factoring is a financial transaction where a company sells its accounts receivable to a third party (a factor) at a discount. The factor then collects the full amount of the receivables from the debtors.

What Type of Company Buys Accounts Receivable from a Firm