Economics · Financial Services
In a Factoring transaction, which party is defined as the 'Factor'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The commercial bank that guarantees the payment.
- 2The original seller of the goods or services.
- 3The financial institution or company that purchases the receivables.✓
- 4The customer (debtor) who owes money.
Correct answer
The financial institution or company that purchases the receivables.
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