The outright sale of a firm's receivables to a third party is called

Name: The outright sale of a firm's receivables to a third party is called
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The outright sale of a firm's receivables to a third party is known as factoring. Factoring means selling accounts receivables at a discount to a third party called a factor, who then collects the full amount of the accounts from the customers. Factoring is usually done to improve cash flow and to reduce the risk of non-payment by customers.

The Outright Sale of a Firm's Receivables to a Third