A factor assumes the credit risk,does the credit investigations and collections,and advances funds.

Name: A factor assumes the credit risk,does the credit investigations and collections,and advances funds.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

This describes the role of a factor, which is a type of financial intermediary that assists businesses in financing their accounts receivable by assuming the credit risk, performing credit checks and collections, and providing cash advances against the invoices.

A Factor Assumes the Credit Risk,does the Credit Investigations and Collections,and