Economics · Working Capital Management
Factoring of receivables is best described as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Borrowing funds secured against current inventory
- 2Long-term debt financing through financial institutions
- 3Selling trade receivables to a third party to obtain immediate cash✓
- 4A method of legally deferring supplier payments
Correct answer
Selling trade receivables to a third party to obtain immediate cash
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