{"iri":"https://folio.openlegalstandard.org/R9TrVTLjfQnxkv8JTX6c9L2","label":"Factoring Agreement","sub_class_of":["https://folio.openlegalstandard.org/RVoyN9hN3m5gy3So01ZEZ8"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"A Factoring Agreement is a financial arrangement where a business sells its accounts receivable, or invoices, to a third-party factoring company at a discount. This agreement outlines the terms and conditions under which the factoring company will advance funds, collect payments, and charge fees, providing immediate liquidity to the original business.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}