<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/R9TrVTLjfQnxkv8JTX6c9L2">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/RVoyN9hN3m5gy3So01ZEZ8"/>
  <rdfs:label>Factoring Agreement</rdfs:label>
  <skos: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.</skos:definition>
</owl:Class>