In order to accelerate the receipt of cash from receivables, owners may sell the receivables to another company for cash.

Name: In order to accelerate the receipt of cash from receivables, owners may sell the receivables to another company for cash.
Brand: Quizplus
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Quizplus · Accepted Answer

This process is known as factoring or accounts receivable financing. The company that buys the receivables assumes responsibility for collecting the payments and the original owner of the receivables receives immediate cash.

In Order to Accelerate the Receipt of Cash from Receivables