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प्रश्न
With reference to Financing, briefly explore factoring.
लघु उत्तरीय
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उत्तर
In the financial service known as factoring, a company sells its invoices or accounts receivable to a financial institution or specialized factoring company (referred to as a factor) at a discount in return for quick cash. This procedure lowers the risk of bad debts, helps firms meet short-term financial needs, and improves cash flow.
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