Economics and Business

Management

 

Factoring

 

Author: Paulo Nunes (Economist, Professor and Business Consultant)

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Date Created: 25/05/2011

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Key words:  management,

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Factoring

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Factoring Concept

Factoring is a funding activity developed by a specialized financial institution in the purchase of short term credits that the companies detain over the correspondent clients and other debtors. In acquiring those credits, these institutions assume the correspondent recovery, assuming or not the risk of failure in the payment by the debtors.

 

Translated from Portuguese by Susana Saraiva, Portuguese-English and English-Portuguese translation specialist. Contact: spams@sapo.pt