Invoice factoring is a mainstream business financing option. It is designed...
What is Contra Account?
A Contra Account, in terms of A/R financing or Invoice Factoring, is when the Factoring Company’s Client and their Customer (the Account Debtor) each owe the other monies. For example, slotting or advertising fees in retailing. This must be disclosed immediately to the working capital provider so the borrowing base or availability can be adjusted accordingly.
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OTHER TERMS BEGINNING WITH "C"
- Call Loan
- Capital
- Carried Interest
- Carrier Payment
- Cash Advance
- Cash Against Documents (CAD)
- Cash Flow
- Cash Flow Projections
- Cash Flow Statement
- Cash-flow Insolvency
- Chargebacks (Retailer)
- Client
- Client Concentration
- Closing Costs
- Collateral
- Collateral (or Collateralized) Loan
- Collections
- Company Voluntary Arrangement (CVA)
- Concentration
- Confession of Judgment (COJ)
- Confirmed Payables Financing
- Consignment Sale
- Container Hauler
- Contingent Worker
- Contract Factoring
- Contract Financing
- Cost-Plus Pricing
- Covenant
- Credit Counsellor (Canadian)
- Credit Insurance
- Credit Limit
- Credit Management Fee
- Credit Memo
- Credit Terms
- Creditworthiness
- Cross-Aged Accounts (10% rule)
- Cross-Border Financing
- Current Assets
- Current Liabilities
- Current Portion of Long-Term Debt (CPLTD)
- Current Ratio
- Customer