factoring
Definitions
Accounting
- noun the business of buying debts from a firm at a discount and then enforcing the payment of the debt
Economics
- noun the business of buying debts from a firm at a discount and then getting the debtors to pay. Many businesses resort to factoring to improve their cash flow.
Law
- noun the activity of selling debts to a debt factor
Real Estate
- noun the activity of managing credit and debt collections in relation to an estate or large property
