|
Invoice Factoring Glossary by Alpha
# |
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
Income Statement
A financial statement that shows a historical record of a business' income and expenses. Also referred to as a Profit and Loss Statement.
Indemnification
A promise to compensate for loss or damage sustained as a result of a stated set of circumstances.
Insurance
Financial protection against loss, secured by the payment of a regularly scheduled premium.
Interest
Usually expressed as a percentage of the loan, interest is the amount charged by the lender to the customer for borrowing the money.
International Factoring Association
An international organization aimed at assisting the Factoring community by providing information, training, purchasing power and a resource for the Factoring community.
Inventory Financing
Money borrowed on the basis of finished inventory. The loan is paid as inventory is sold.
Inventory Loan
A secured short-term loan to purchase inventory.
Invoice
A legal debt instrument which indicates the amount due from a customer to pay for delivered goods orservices. Invoices may be traded or sold.
|
