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08:10 Feb 27, 2012
English to French translations [PRO] Bus/Financial - Business/Commerce (general)
English term or phrase:debt factoring
Debt Factoring is a form of short-term commercial finance based on the selling of invoices at a discount.
I have no idea how to translate this term and actually do not understand what it means. (why would anyone sell invoices??) Your input would be much appreciated!
As I understand it this is a way of avoiding cash flow problems. You sell you invoices to another company (Factor) at a discount and so receive your income. If the original customer then doesn't pay, or pays late, it's up to the Factor to collect and so it doesn't affect your cash flow.