When the Factoring Company Can Make a Claim Against the Firm

question 77

Multiple Choice

When the factoring company can make a claim against the firm that sold them the accounts this is called _____ arrangement

• A) a non-recourse factoring
• B) a recourse factoring
• C) a notification factoring
• D) a non-notification factoring

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Definitions:

Dividends

Distributions issued to shareholders by a company, typically sourced from the organization's earnings.

Repurchase

Also known as a buyback, it is a company's decision to buy its own shares from the marketplace, potentially raising the value of remaining shares.

Tax Advantages

Financial benefits derived from tax laws that reduce the amount of tax to be paid by allowing certain deductions, credits, or deferrals.

IRS

The Internal Revenue Service, the United States government agency responsible for tax collection and tax law enforcement.