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The Term, Factoring, Refers to Selling Accounts Receivable at a Discount

question 6

True/False

The term, factoring, refers to selling accounts receivable at a discount to a finance company known as the factor.


Definitions:

Cephalocaudal

A pattern of growth and development in organisms where development begins at the head and progresses towards the tail or feet.

Proximodistal

A principle of physical growth that states development proceeds from the center of the body outward.

Independence of Systems

The concept that different systems, whether mechanical, biological, or computational, can operate autonomously without interference from each other.

Cephalocaudal

A pattern of growth where development starts at the head and progresses downwards towards the feet.

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