The buyer who purchases and takes ownership of another company's accounts receivable is called a:

Name: The buyer who purchases and takes ownership of another company's accounts receivable is called a:
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The buyer who purchases and takes ownership of another company's accounts receivable is called a factor. Factors specialize in financing and managing accounts receivable, providing working capital to their customers while taking on the risk of collecting payment from the debtor.

The Buyer Who Purchases and Takes Ownership of Another Company's