Examlex
A GMO is a transgenic organism.
Factored Accounts Receivable
The process of selling accounts receivable to a third party at a discount to quickly generate cash and reduce risk of non-payment.
Commission
A fee paid for services, usually a percentage of the total cost, to an agent or employee for facilitating or completing a sale.
Factoring Transaction
A financial transaction where a business sells its accounts receivable to a third party (the factor) at a discount.
Total Assets
The sum of all assets owned by an entity, as recorded on the balance sheet, representing the resources controlled by the entity.
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