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Factoring Refers to an Arrangement in Which a Company Sells

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Factoring refers to an arrangement in which a company sells its receivables to another company called a factor and receives cash, less a fee, immediately.

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Definitions:

Compound

A substance made up of atoms of two or more different elements joined by chemical bonds.

Atoms

The basic units of matter consisting of a nucleus surrounded by electrons, forming the building blocks of all substances.

Element

A pure chemical substance consisting of one type of atom, distinguished by its atomic number.

Electrolytes

Minerals in the body that have an electric charge, such as sodium, potassium, calcium, and magnesium, and are vital for numerous bodily functions including fluid balance and nerve transmission.

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