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
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.