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Invoice Factoring Glossary by Alpha
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A |
B |
C |
D |
E |
F |
G |
H |
I |
J |
K |
L |
M |
N |
O |
P |
Q |
R |
S |
T |
U |
V |
W |
X |
Y |
Z
B through D Credit Customers
These consumers have less than perfect to bad credit and usually cannot qualify for traditional financing. Also called sub-prime credit customers.
Bad Credit
Bad Credit is a term used to describe someone who is considered a "high risk" to lenders and other finance companies such as factors.
Bad Debt
Any debt that is delinquent and has been written off as uncollectible.
Balance Sheet
A financial statement that shows a business' assets, liabilities and owner's equity at certain point in time.
Bankruptcy
A state of insolvency of an individual or organization. The inability to pay debts.
Bill of Exchange
An instrument similar to a time or sight draft which the buyer signs. This is acknowledgement of debt for the goods he is buying.
Bill of Lading
A shipping document which gives instructions to the company transporting the goods.
Bill of Sale
A document used to transfer the title of certain goods from seller to buyer.
Blanket Assignment
A legal transfer of ownership of all accounts receivable, both present and future as collateral for funding.
Break-Even Point
The degree of operation where costs equal revenue.
Broker
An individual who pairs clients in need of cash with appropriate financial entities including factors.
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