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Factoring is an essentially rigid, long-term contract where, in addition to a financing arrangement, an invoice control and management service is usually included. Factoring rates usually include a variety of service fees that affect all invoices covered by the contract. Factoring does not support unexpired bills of exchange such as a promissory note.
Factoring is an essentially rigid, long-term contract where, in addition to a financing arrangement, an invoice control and management service is usually included. Factoring rates usually include a variety of service fees that affect all invoices covered by the contract. Factoring does not support unexpired bills of exchange such as a promissory note.