The Primary Sources of Revenue for a Factoring Company Are

question 20

True/False

The primary sources of revenue for a factoring company are the interest earned on the finance provided and the fees for managing the collection of debt.

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Definitions:

GICs

A financial vehicle in Canada, Guaranteed Investment Certificates offer investors a set return rate over a defined period.

Simple Interest

Interest calculated on the principal or original amount of a loan or investment, without compounding.

GICs

Guaranteed Investment Certificates (GICs) are Canadian investment vehicles offering a guaranteed rate of return over a fixed period of time.

Investor

An individual or organization that allocates capital with the expectation of achieving a financial return.