What is Terms of the Sale?

Terms of the Sale is an agreement between the buyer and the seller which references the price of goods being sold, the return policy, delivery location, time of shipment and payment terms. The sale’s terms may also reference the purchase order and the vendor agreement. The vendor agreement can be many pages long and applies not only to your company but your assignees, i.e. your factoring company.

Audio Definition/Pronunciation

Common Freight Factoring Terms Defined

Common Freight Factoring Terms Defined

If you’re new to factoring, you might come across terms that you’re not familiar with. It’s important that your factoring company explains how factoring works…
Typical Freight Factoring Terms You Should Know

Typical Freight Factoring Terms You Should Know

Reliable access to working capital is a critical necessity for any trucking company. The choice to start factoring freight bills to support operations and fuel…
Understanding Rates, Fees and the Total Cost of a Factoring Agreement

Understanding Rates, Fees and the Total Cost of a Factoring Agreement

Over the past ten years, invoice factoring has become a widely used cash flow solution across North America. Its popularity has been growing due to…

OTHER TERMS BEGINNING WITH "T"

  • Total Cost of Ownership (TCO)

    A business analysis that assesses cost to include direct cost (purchasing price) and indirect cost (related to the use of a service or product). In temporary staffing services, this is often used by employers to ask temporary staffing agencies for…

  • Trade Financing

    Trade Financing is the term used for financing of international trade. Trade finance includes such activities as Cash Against Documents, credit insurance, export credit, bid and performance bonds, lending, trade-related promissory notes, Letters of Credit, purchase order funding, bills of…

  • Transactional Pricing

    Pricing model that is based on a unit that can vary over time. For instance, in a staffing context, price per applicant or price per contractor.

  • Turnaround

    A Turnaround represents a company demonstrating an improving financial situation after it has been performing poorly for an extended time or after a catastrophic event. eCapital will many times fund companies in a turnaround situation.