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Invoice Factoring Glossary by Alpha
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W-9 Form
An IRS form designed to help businesses collect information, such as business type, Federal Employer Identification Number (FEIN) and address, on their customers and clients for reporting purposes.
Without Recourse
A factoring transaction where the factor bears all the risk of collection.
Working Capital
A company's short-term assets and liabilities. Generally includes loans for business expenses such as, advertising, wages, rents, and other operational costs. Often these loans are secured by tangible assets or, in the case of long-standing good credit, by the "full faith and credit" of the company.
WSJ Prime Rate
The initials stand for the Wall Street Journal, which surveys large banks and publishes the consensus prime rate. It's the most widely quoted measure of the prime rate, which is the rate at which banks will lend money to their most-favored customers. The prime rate will move up or down in lock step with changes by the Federal Reserve Board. For more, see prime rate.
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