KAVRAMLAR

WHAT IS FACTORING?

FACTORING — Financial transaction whereby an enterprise sells its debt-claims to a third party in order to obtain cash (although less than the full amount of the debt). The third party then assumes responsibility for the administration and collection of the debt on the due date for its own account.

Source: OECD Glossary of Tax Terms http://www.oecd.org/ctp/glossaryoftaxterms.htm

Kategoriler:KAVRAMLAR

Tagged as: