2/10 Net 30 – Notation “2% 10, net 30” indicates that a 2% discount can be taken by the buyer only if payment is received in full within 10 days…
The Federal Reserve Beige Book, officially known as the “Summary of Commentary on Current Economic Conditions,” is a report published by the Federal Reserve Board eight times a year. The…
Contract factoring, also known as whole ledger factoring or full-service factoring, is a financial arrangement in which a business sells all or a significant portion of its accounts receivable to…
Spot factoring, also known as single-invoice factoring or selective factoring, is a financial arrangement where a business sells individual invoices to a factoring company rather than factoring all of its…
A credit management (service) fee in invoice factoring is a charge imposed by a factoring company for providing credit management services. These services typically include assessing the creditworthiness of the…
Servicing fees in invoice factoring refer to the charges imposed by a factoring company for managing and administering the factored invoices. These fees cover a range of services provided by…
An early termination fee in invoice factoring is a charge imposed by a factoring company when a business decides to end their factoring agreement before the agreed-upon term has expired….
A buyout fee in invoice factoring refers to a charge imposed by a factoring company when a business decides to terminate their factoring agreement and repurchase their outstanding factored invoices….