Advance factoring is where the firm selling its accounts receivable is paid on the normal collection date or net due date of the account.

Name: Advance factoring is where the firm selling its accounts receivable is paid on the normal collection date or net due date of the account.
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In advance factoring, the firm selling its accounts receivable is paid an advance by the factor, typically a percentage of the invoice value, before the normal collection date or net due date of the account.

Advance Factoring Is Where the Firm Selling Its Accounts Receivable