Factoring Agreement

Factoring Agreement - 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.

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Factoring Agreement
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Definition and Examples

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.
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