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05:01 Oct 30, 2001 |
German to English translations [Non-PRO] Bus/Financial - Law: Contract(s) | ||||
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| Selected response from: Alison Schwitzgebel France Local time: 04:35 | |||
Grading comment
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Summary of answers provided | ||||
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5 +2 | (partial) receivables purchasing agrrement |
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4 | factoring agreement |
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(partial) receivables purchasing agrrement Explanation: A typical financing instrument by which collectible invoices are sold (factored) to someone else, who is responsible for their collection. The sales price is of course less than the value of the invoices. HTH Zahn, Bank- und B�rsenwesen |
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1 hr confidence:
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