Discussion Forum : Nabard & Other Bank Examinations
Question -
Factoring Business is also known as by which of the following names?
Answer: Option D
FACTORING IS COMMONLY REFERRED TO AS ACCOUNTS RECEIVABLE FACTORING, INVOICE FACTORING, AND SOMETIMES ACCOUNTS RECEIVABLE FINANCING. ACCOUNTS RECEIVABLE FINANCING IS A TERM MORE ACCURATELY USED TO DESCRIBE A FORM OF ASSET BASED LENDING AGAINST ACCOUNTS RECEIVABLE.
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FACTORING IS COMMONLY REFERRED TO AS ACCOUNTS RECEIVABLE FACTORING, INVOICE FACTORING, AND SOMETIMES ACCOUNTS RECEIVABLE FINANCING. ACCOUNTS RECEIVABLE FINANCING IS A TERM MORE ACCURATELY USED TO DESCRIBE A FORM OF ASSET BASED LENDING AGAINST ACCOUNTS RECEIVABLE.
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