In ____, a company has an ongoing relationship with a bank that routinely buys its short-term accounts receivable at a discount.

Name: In ____, a company has an ongoing relationship with a bank that routinely buys its short-term accounts receivable at a discount.
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Question

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In factoring, a company has an ongoing relationship with a bank that routinely buys its short-term accounts receivable at a discount-in other words, the bank acts as a collections department for its client.

In ____, a Company Has an Ongoing Relationship with a Bank