ACCOUNTS RECEIVABLE FINANCING
\ɐkˈa͡ʊnts ɹɪsˈiːvəbə͡l fa͡ɪnˈansɪŋ], \ɐkˈaʊnts ɹɪsˈiːvəbəl faɪnˈansɪŋ], \ɐ_k_ˈaʊ_n_t_s ɹ_ɪ_s_ˈiː_v_ə_b_əl f_aɪ_n_ˈa_n_s_ɪ_ŋ]\
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Taking unpaid debt and making it collateral on a shortterm loan. This can be done on a continious basis or just once. The loan is secured. If default occurs the lender collects in off balance sheet. Refer to discounting and factoring.
By Henry Campbell Black
