_____ is a particular type of receivable financing wherein the lender takes ownership of a receivable at a discount and then collects against it.
A) Discounting
B) Foreclosure
C) Factoring
D) Crowdfunding
E) Dilution

Question

Quizplus · Accepted Answer

Factoring is a financial transaction where a business sells its accounts receivable to a third party (called a factor) at a discount. The factor then assumes the risk of collecting the receivables.

_____ Is a Particular Type of Receivable Financing Wherein the Lender