________ is the discounting of a foreign account receivable by transferring title of the sold item and its account receivable to an organization-that specializes in purchasing accounts receivable-for cash at a discount from the face value.
A) Confirming
B) Countertrading
C) Forfaiting
D) Factoring

Question

Quizplus · Accepted Answer

Factoring is the discounting of a foreign account receivable by transferring title of the sold item and its account receivable to an organization-that specializes in purchasing accounts receivable-for cash at a discount from the face value.

________ Is the Discounting of a Foreign Account Receivable by Transferring