Factoring Is the Sale of Payables to a Third Party

question 44

True/False

Factoring is the sale of payables to a third party at a discount to their face value.

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Definitions:

Scoring

The process of assigning values or points to answers or performances in assessments to evaluate competence or achievement.

HIPAA

The Health Insurance Portability and Accountability Act, a U.S. law designed to protect patient medical information.

Jaffe v. Redmond

A landmark Supreme Court case that recognized the confidentiality of communications between psychotherapeutic patients and their therapists.

Privileged Communication

A legal principle that protects certain communications from being disclosed in court without the consent of the party who made them.